Mathias Cormann (WA, Liberal Party, Shadow Assistant Treasurer) Share this | Hansard source

asked the Minister representing the Treasurer, upon notice, on 11 March 2011:

With reference to non commercial loss rules:

(1) How many applications has the Commissioner of Taxation received, in each of the past 3 financial years, from taxpayers who do not meet the $250 000 income test seeking a private ruling to allow them to offset business losses against other income.

(2) How many of these have been resolved in the taxpayer's favour.

(3) What criteria does the Commissioner use to decide whether a taxpayer, who does not pass the $250 000 income test, can nevertheless offset business losses against other income.