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Capital Gains, Losses & Portions of Shares, page-2

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Nanood

7,791 Posts.

105

03/06/16

22:09

Post #: 17949142
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Originally posted by topdogg1 ↑

Hi All,

I've tried to find some information on the ATO website and online regarding the subject title matters but cant seem to find clarification on my questions, hence, I come here to see if anyone can shed any light on the matters or provide their opinion.

Alright here we go:

1. Will a Capital Loss be incurred when; for example I hold 1000 shares in company ABC @ $1 each and then the following week I decide to sell 500 shares of the same company at $0.5 each? or is only a capital loss once I dispose of all the shares?

2. If I incur losses in my share trading, in say this financial year, (where I have also made capital gains), do the losses have to be declared or offset in that same year against the gains? can it be carried forward to claim for future?

Thanks in advance for your help.

-TD

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1. Yes.
2. Losses and gains are used within the financial year that you incur them.
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