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Section E: Losses

Last updated 12 February 2019

This section deals with all losses claimed for the 2011-12 income year. Do not show cents for any amount you write at this section on the fund tax return.

Complete a Losses schedule 2012 and attach it to the tax return if the fund has:

  • total tax losses and net capital losses carried forward to the 2012-13 income year greater than $100,000
  • foreign loss component of tax losses deducted in the 2011-12 income year or carried forward to later income years
  • an interest in a CFC that has current year CFC losses greater than $100,000.
  • an interest in a CFC that has deducted or carried forward a loss to later income years greater than $100,000.

QC25835