ato logo
Search Suggestion:

Deferred non-commercial business losses from a prior year

Last updated 25 June 2019

A deferred non-commercial business loss is a loss you incurred in a prior year which you were unable to claim against other income. If your activity is carried on partly in Australia and partly overseas phone 13 28 66 or see How to defer your losses.

Your prior year deferred non-commercial business loss for a business activity may be reduced if you earned net exempt income in 2018–19.

If you became bankrupt (or received a relief from debt) the deferred losses will no longer be available. The loss cannot be deducted in the current year or any future year.

Include the amount of any losses you deferred in a prior year from activities that are the same or similar to your current year activity.

For more information, see How to offset your losses.