Does this concern me?

This concerns everyone who has an uncovered loss from last year's tax assessment.

Deductions which cannot give or increase a loss:

• Child-care deduction 
• Special allowance 

The loss may lapse if:

• It originates from the cessation of business in 2006 or earlier. This is due to the ten-year deadline that applied at that time.
• You have had debt remitted through debt settlement or insolvency proceedings
• You have transferred a loss to previous years in connection with the winding-up of a business.

How to enter this in your tax return

This will normally be pre-filled with the amount from last year's tax assessment, so you should check that everything is correct.

You must check it against last year's tax settlement.

Documentation requirements