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.

How individuals or sole traders can work out if their non-commercial loss can be offset or needs to be deferred.

Explains the income requirement and the four tests for partnerships.

When and how to apply for a Commissioner's discretion to offset a business loss against income from other sources.

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

Learn how to defer your business activity loss in the current year because of the non-commercial loss rules.