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Investment income for MLS purpose

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Initiate

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Hi, it's said to include taxable income, RFB, net investment losses, etc for the purpose of MLS. It confuses me because it's more logical to include investment gain rather than losses. Can anyone explain the reasoning of this? Thanks
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Taxicorn

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@TH19 

 

The ATO's reasoning is that without the loss your taxable income would have been higher.

With the loss you pay less tax.

 

 

1 REPLY 1
Highlighted

Best answer

Taxicorn

Replies 0

@TH19 

 

The ATO's reasoning is that without the loss your taxable income would have been higher.

With the loss you pay less tax.