You can offset a loss from a business activity against other income if you pass one of the following tests:
*have an assessable income from the activity of at least $20,000
*have produced a profit in three out of the past five years
*use real property or an interest in real property worth at least $500,000 on a continuing basis, or
*use other assets worth at least $100,000 on a continuing basis.作者: luoyi727 时间: 27-8-2007 13:28