Offsetting profit and losses between businesses 043-03100070

This page contains links to policy and legislation.

Policy

Controlled private trusts and controlled private companies

Guide to Social Security Law, 4.12.7.20, Allowable & Non-allowable Deductions

Sole traders and partnerships

Guide to Social Security Law, 4.7.1.30, Assessment of Business Deductions & Losses for Sole Traders & Partnerships

Legislation

Links to the Federal Register of Legislation site go to a 'Series' page. Select the 'Latest' version.

Social Security Act 1991

• section 1075, Permissible reductions of business income
• section 1208B, Permissible reductions of business and investment income