Non-commercial losses

See how you may be able to offset your business loss against other income if you're a sole trader or in a partnership.

To offset your non-commercial loss you must meet the income requirement.

To be able to offset your business loss against other income, you and your business need to meet the pre-requisites.

Explains the income requirement, assessable income test, profits test, real property test and other assets test.

How deferring your business activity loss in the current year because of the non-commercial loss rules works.

If you have exempt income, you generally must reduce your losses by that amount.

Detailed information about non-commercial losses.