Please identify which customer segments your enquiry related to today
Print this page
Print entire document
You generally make a tax loss when the total deductions you can claim for an income year exceed your income for the year. Total income includes both assessable and net exempt income for the year.
If you make a tax loss in an income year you can carry it forward and deduct it in future years against income for tax purposes. Certain deductions cannot be used to contribute to a loss. A tax loss is different from a capital loss.
Conditions differ for calculating tax losses for Australian and foreign residents.
Find out about:
System maintenance and issuesAccess managerAbout online services
More forms and instructions Arrow button
More tax rates and codes Arrow button
More calculators and tools Arrow button
Legal Database Arrow button