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Tax Australia: Tax losses in the company return are not flowing into the main form

Tax losses not carrying forward, the losses figure is not showing under Item 13 U

Updated over 2 months ago

The Tax losses are not flowing into the main form Item 13 in the company return.

The losses section depends on the Company's Consolidated group status provided in the Cover Details.

Consolidated group status

If the Company status is a Consolidated head company, then the information has to be entered into the Consolidated Group Losses schedule.
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Consolidated Groups Losses in Schedules


When the Company status is a Consolidated head company, then Tax Losses Carried Back should be entered directly into the main form.
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Tax losses carried back under Losses


If the Company status is a Consolidated subsidiary member or empty then the Tax Losses will flow through into the main form if the information has been entered into the worksheets at item 13.
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Item 13 - Tax Losses


The Tax Loss carried back option is available within the Tax Losses worksheet.
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Tax Losses carried back available under Tax Losses worksheet
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