i was only referring to your example of losing $1000.
if it was from selling half of your shares, for instance, the $1000 loss on that transaction would carry over to subsequent years. Then when you sell the rest of the them, the profit/loss would be added to the $1000 carried over.
it all catches up in the end. the only wiggle room is when you make other gains/losses on other transactions, and are entitled to a 50% discount on some of them. then you have to make more complex decisions, because you can easily lose your 50% discount if you have too many carried over losses (which you need to utilize before you can utilize your 50% discount).
to be honest it is such a headache that these days i try to just hold shares for as long as possible. much easier on the wallet.
regarding your other question, yes, brokerage fees reduce your capital gain.
- Forums
- ASX - General
- Capital Gains, Losses & Portions of Shares
Capital Gains, Losses & Portions of Shares, page-10
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online