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  • Completing the Losses schedule

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Tax file number

    Print the tax file number (TFN) of the entity.

    Name of entity

    Print the name of the entity.

    The name shown must be the same as that shown on the entity's tax return.

    Australian business number

    Print the Australian business number (ABN), if any, of the entity.

    Signature as prescribed in the tax return

    The person who is required to sign, and who signs, the tax return of the entity is also required to sign the Losses schedule.

    Note: In these instructions:

    • A reference to an 'unapplied' tax loss includes a reference to a tax loss for which a deduction has not yet been claimed, that has not been reduced by net exempt income or, in the case of companies, has not been transferred to other companies that are members of the same wholly owned group.

    Conversely, an 'applied' tax loss includes a reference to a tax loss for which a deduction has been claimed, that has been reduced by net exempt income, or, in the case of companies, has been transferred to other companies that are members of the same wholly owned group.

    • A reference to 'unapplied net capital losses' includes a reference to those net capital losses which have not been applied against capital gains or, in the case of companies, have not been transferred to other companies that are members of the same wholly owned group.

    Conversely, an 'applied' net capital loss includes one which has been applied against capital gains or, in the case of companies, has been transferred to other companies that are members of the same wholly owned group.

    Last modified: 09 Aug 2016QC 16568