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.
Signage
- Losses brought forward and any adjustments to increase the number of losses are positive amounts.
- Adjustments to reduce the balance of losses needs to be negative amounts.