How to apply for a Commissioner's discretion to non-commercial losses.

If your business makes a tax loss in a current year, you can generally carry forward that loss and claim a deduction for your business in a future year. However, you may be able to offset current year losses if you're a sole trader or an individual partner in a partnership and meet certain conditions.

There are 4 commonly used business structures in Australia: sole trader, partnership, company and trust.

Certain primary production and professional arts business activities are known as 'excepted activities'. An exception to the non-commercial loss rules allows net losses from those excepted activities to be claimed in the year incurred.

Learn how to claim a tax loss.

See how you may be able to offset your business loss against other income if you're a sole trader or in a partnership.

You generally make a tax loss when the total deductions you can claim for an income year exceed the total of your assessable and net exempt income for the year.