1.1.T.53 Total net investment loss

Definition

Total net investment loss of an individual for an income year means the sum of:

  • the amount (if any) by which the individual's deductions for the income year that are attributable to financial investments exceed the individual's gross income for that year from those investments (net financial investment loss), and
  • the amount (if any) by which the individual's deductions for the income year that are attributable to rental property exceed the individual's gross income for that year from rental property (net rental property loss).

Act reference: Income Tax Assessment Act 1997 subsection 995-1(1)

Last reviewed: 20 March 2015