• Losses schedule

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

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    Use the Losses schedule 2016, to show detailed information on losses when required to do so. Transfer totals of the amounts at part A of the Losses schedule 2016 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 2016 if:

    • the total of the fund’s tax losses and net capital losses carried forward to the 2016–17 income year is greater than $100,000,
    • the fund has an interest in a CFC that has current year CFC losses greater than $100,000, or
    • 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 you need to complete a Losses schedule 2016, you may also need to complete a CGT schedule.

    For more information, see:

    • Losses schedule instructions 2016
    • Guide to capital gains tax 2016.
    Last modified: 15 Jul 2016QC 48112