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Jefflovestax(Initiate)Initiate
19 June 2023

Hi, Just wondering know if my taxable income is less than the tax-free threshold $18200 in current financial year, do I still need to claim the carry-forward tax loss or I can continue to carry it forward to offset the future taxable income? Thank you

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534 views
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Bruce4Tax(Taxicorn)Taxicorn
20 June 2023

Prior year tax losses must be applied to current year income, even if income is below $ 18200.


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