No, as long as you meet the commercial business tests you can...

  1. y0jimbo
    658 Posts.
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    31/01/17
    09:58
    Post #: 22238462
    No, as long as you meet the commercial business tests you can use the loss, one of the tests is simply turnover of at least 20k, any trader will meet this easily

    more info here;
    https://www.ato.gov.au/business/non-commercial-losses/eligibility/


    your other income i.e salary etc must also be below 250k
    Last edited by y0jimbo: 31/01/17
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    lightbulb Created with Sketch.  Great analysis
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