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Palak123(Initiate)Initiate
23 Nov 2021

Hello Community, I am aware of non-commercial business loss test to determine if business loss can be offsetted against individual's other Income. However, I wanted to know if pervious year's business loss, which had failed to pass the test and deferred, Can we also set off that loss against other Income if current year business loss happened to pass the test. Any help, much appreciated!

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517 views
1 replies

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Most helpful replyATO Certified Response

AriATO(Community Support)Community Support
ATO Certified Response24 Nov 2021

Hi @Palak123


Yes you can. Losses can be carried forward until you can use them.


See claiming business tax losses from previous years on our website.

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