Net capital losses
Statement Purpose
This statement provides a record of the accumulation of net capital losses.
Data Flow
Carried forward losses from earlier years should be input to the
Net capital losses brought forward
column and adjusted in the Adjustment
column, as required.Capital losses from this schedule will be automatically utilised in the
Application of prior year losses
row in the Net capital gains calculation
statement on a first-in, first-out basis to net capital gains, as required.Any current year net capital losses from the
Net capital gains calculation
statement will be automatically transferred to the Net capital losses incurred
column of this statement.If
Include aggregated capital losses from member entities
is selected in Calculation Setup
, this statement will display aggregated capital losses from Net capital losses – group
for all entities within the group.Signage
- Losses brought forward and any adjustments to increase the amount of losses are entered as positive amounts.
- Adjustments to reduce the balance of losses are entered as negative amounts.