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here is an example from centrelink site:
http://www.centrelink.gov.au/int ... nges_def_income.htm
Example 2: Annette expects to make a loss from rental property income of $4,500 and a loss from investment income of $1,200 after participating in a share buy-back. The Tax Office assesses Annette’s taxable income as $24,300. Centrelink adds Annette’s total loss of $5,700 ($4,500 + $1,200 = $5,700) back to her taxable income to make an assessable income of $30,000. The loss Annette must record is $5,700. |
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