Item 26 - Total Net Income or Loss

The amount shown at item 26 must be equal to the amount shown at item 24 Total of items 20 to 23, less any amount shown at item 25 Tax losses deducted.

If the amount shown at item 24 is a net loss amount, the total net loss amount shown at item 26 is the same.

If the amount shown at item 24 is a net income amount, the amount shown at item 26 cannot be a loss since the total amount which can be claimed as a deduction at item 25 must not exceed the amount of net income shown at item 24.

Do not include foreign source losses at item 26. Take these into account, to the extent permitted, at item 23 Other assessable foreign source income.