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13 Jan 10 Non-commercial losses - changes to restrict loss deductions for high income individuals

Following the passage of Tax Laws Amendment (2009 Budget Measures No 2) Act 2009, which received Royal Assent on 14 December 2009, the ATO has published a factsheet outling the changes to the rules relating to non-commercial losses.

For a copy of the factsheet, go here

For more information on non-commercial losses, go here


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