sec.110General test for working out loss

### sec.110 General test for working out loss Subject to section 111 , the financial loss is the amount of the difference between the contract price or value for the property paid by the claimant and the contract price or value for the sale of the property by the claimant (the on-sale ). The loss is only realised if the on-sale has been completed. (sec.110-ssec.1) Subject to section 111 , the financial loss is the amount of the difference between the contract price or value for the property paid by the claimant and the contract price or value for the sale of the property by the claimant (the on-sale ). (sec.110-ssec.2) The loss is only realised if the on-sale has been completed.