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Losses schedule

Last updated 12 February 2019

The Losses schedule 2011, and where relevant the CGT schedule, have replaced most of the labels relating to losses in previous tax returns. Transfer totals of the amounts at part A of the Losses schedule 2011 to U Tax losses carried forward to later income years item 13 and V Net capital losses carried forward to later income years item 13 of the tax return.

Complete and attach a Losses schedule 2011 if:

  • the total of the fund's tax losses and net capital losses carried forward to the 2011-12 income year is greater than $100,000
  • the fund has a foreign loss component of tax losses deducted in the 2010-11 income year or carried forward to later income years
  • the fund has an interest in a CFC that has 2010-11 CFC losses greater than $100,000.
  • the fund has an interest in a CFC that has deducted or carried forward a loss to later income years greater than $100,000.

If, under the above criteria, you need to complete a Losses schedule 2011, you may also need to complete a CGT schedule.

Further Information

For more information, see the

  • Losses schedule instructions 2011
  • Guide to capital gains tax 2011.
End of further information

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