Non-commercial Losses Member


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SKU: 12911 Category:


The application of the Non-Commercial loss rules to individuals and individuals in partnership are critical to the determination of deducting losses incurred in a business activity.

This webinar discusses the following matters in relation to this key issue:

  • When do the rules apply such that a taxpayer can deduct a loss?
  • How is the $250,000 income threshold calculated?
  • When to do the 4 tests apply to an individual when determining the application of the loss rules?
  • How do the rules apply when a taxpayer enters a transaction in an isolated profit-making venture?
  • How do the rules apply where clients have cryptocurrency/foreign exchange losses?

Join us for this discussion and presentation on a provision of the tax law which is often overlooked.

Recorded on Wednesday, 28 September 2022

1 CPD hour

Presented by: Phillip London