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Part C - Losses claimed in this income year

Last updated 23 August 2016

The following steps will help you work out what to write at F and Z at item L1 if the amount at SUBTOTAL is not a loss.

Step 10

If the amount at SUBTOTAL is more than or equal to the amount at (g) in worksheet 1, go to step 17. Otherwise, read on.

Step 11

If the amount at SUBTOTAL is more than or equal to the amount at Q item L1, go to step 14.

Otherwise, transfer the amount at SUBTOTAL to F item L1.

Step 12

Take the amount at F away from the amount at Q item L1.

The answer is the amount of primary production losses you carry forward to 2012-13. Keep a record of it for next year.

Step 13

The amount at R item L1 is the amount of non-primary production losses you carry forward to 2012-13. Keep a record of it for next year.

You have now finished this question.

Step 14

Transfer the amount at Q item L1 to F item L1.

Step 15

Take the amount at F item L1 away from the amount at SUBTOTAL. Write the answer at Z item L1.

Step 16

Take the amount at Z item L1 away from the amount at R item L1.

The answer is the amount of non-primary production losses you carry forward to 2012-13. Keep a record of it for next year.

You have no primary production losses to carry forward to 2012-13.

You have finished this question.

Step 17

Transfer the amount you wrote at Q item L1 to F item L1.

Step 18

Transfer the amount you wrote at R item L1 to Z item L1.

You have no primary production losses or non-primary production losses to carry forward to 2012-13. You have finished this question.

QC21953