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Completing your tax return

Last updated 23 August 2016

The amount of tax losses of earlier years that you write at Q and R at item L1 is the amount of tax losses you carried forward from 2010-11, less the amount of your net exempt income for 2011-12.

You need to separate your losses into primary production losses and non-primary production losses. Primary production activities are described in Information for primary producers 2012 (NAT 1712).

QC21953