Loss

If individual has low tax taxable income, business losses can be deferred to the future year?
Yes, individual has low tax taxable income, business losses can be deferred to the future year 1) Fill in business schedule 2) Fill in P9 Business l...
Mon, 27 Aug, 2018 at 4:02 PM
can we defer partly sole trader business losses ?
yes, follow the below step  Individual tax return: (1) Losses on business schedule P8 item Z = needs to match with total transferred to 15C =TOT...
Wed, 12 Sep, 2018 at 10:37 AM
How to apply business losses in current FY?
To be eligible to apply business losses to current financial year: Need to: 1) Be business losses 2) Meet Income Requirement Test: adjusted taxable in...
Mon, 25 Feb, 2019 at 4:07 PM
Excess Franking Credit - Tax losses
Note: FC = Franking credit  Maximum Dividend can be paid in future years = Excess F/C x (1 - ATO allocating FC rate) / ATO allocating FC rate Tax...
Wed, 3 Apr, 2019 at 4:55 PM
Tax loss reconiliation statement
Deductions that do not give rise to a loss There are some deductions you can't use to create or increase a tax loss, including donations or gifts a...
Mon, 10 Aug, 2020 at 6:21 PM