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Business income tax
Tāke moni whiwhi mō ngā pakihi

What to do if your business is making losses

If the total deductible expenses for your business are greater than its income then it will have a loss for tax purposes. The business will not have to pay tax and the loss can generally be used to reduce income in future income years.

The rules for using losses depend on whether the business is run through a company, trust or as a sole trader.

Find out more about losses of companies

Find out more about losses of trusts

Find out more about losses suffered as a sole trader

Getting losses right (checklist of common errors)