This section deals with all losses claimed for the 2012–13 income year. Do not show cents for any amount you write at this section on the fund tax return.
Complete a Losses schedule 2013 and attach it to the tax return if the fund has:
- total tax losses and net capital losses carried forward to the 2013–14 income year greater than $100,000
- foreign loss component of tax losses deducted in the 2012–13 income year or carried forward to later income years
- an interest in a controlled foreign company (CFC) that has current year CFC losses greater than $100,000.
- an interest in a CFC that has deducted or carried forward a loss to later income years greater than $100,000.