Non-Commercial Losses Webinar

Dealing with tax losses for sole traders and partners 


Recording Individual

When the rules do and don’t apply
Applying the four commerciality tests in practice
Tricks, traps and anomalies in the system

When clients make losses from their business activities, they will normally want to offset these against income derived from other activities.  However, the non-commercial loss rules can sometimes prevent this from happening and are not always easy to apply in real life.

In this session, we work through the rules step-by-step so that you can identify when there might be a problem and the concessions that might help clients reduce their overall tax liability.

Recorded 27 June 2019

Member Recording 
Recording Individual
Recording Office

What we cover

This practical webinar covers:

  • How to apply each of the four commerciality tests
  • The interaction between the FBT system and the non-commercial loss rules
  • When two businesses are the same or similar
  • The concessions for primary producers and those carrying on a professional arts business
  • The odd outcomes that can arise when working through the $250,000 adjusted income test
  • Dealing with expenses incurred after a business has ceased
  • When it is possible to apply for a determination from the ATO
Member Recording 
Recording Individual
Recording Office

Our Presenter

Michael Carruthers

Tax Director, Knowledge Shop

Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Hayes Knight group’s national tax committee.

Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy

Michael is a member of the advisory panel for the Board of Taxation and is a member of the reference group for the Board’s review of small business concessions. He was also an expert panel member for the Board’s review of tax impediments facing small business.

Michael Carruthers
Michael Carruthers
Tax Director, Knowledge Shop




$195 Member
$235 Non-member




$350 Member*
$390 Non-member*


*The office rate applies per office location (maximum 10 participants per office location). The PD points for all attendees will be recognised.

How to access the recording

  1. Knowledge Shop members, access your discounted pricing by logging into the Knowledge Shop member website and registering. More on membership.
  2. For Individuals:
    • Register and we will email you your access details to Knowledge Shop's IQ platform (generally within 24 - 48 hours).
    • Your recording and any successive recordings you purchase will display on your personal profile.
  3. For Offices (access for up to 10 individuals from the same firm): 
    • Register and we will contact you to organise login details for your nominated staff members (generally within 24 - 48 hours).
    • You can also nominate a supervisor from your firm who will be able to see who has completed the webinar and where applicable, their quiz scores.
  4. Your recording will be available for 3 months from the date of purchase and can be viewed as many times as the registered person likes within those 3 months. Once watched, your PD hours will be recorded on the personal profile of the participant. 

Terms & Conditions 
All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are available for webinar recordings once the Knowledge Shop IQ platform has been accessed.  Refunds are only possible if the webinar recording has not been accessed.