Agree
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One can not use Capital Loss against Salary. ..Not Allowed.
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However, capital loss and capital gain can be settled within 7 years against each other, means if one make massive loss this year(as most people will do), one can adjust those losses next year against profit. Max limit is 7 years (That is what I understand)
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However, carrying loss or gain forward is bad practice. Best to settle down same year as one never know what happens next year. What is one losses job and ends up big Capital Gain Tax Bill while money us already being used in renovation or new car etc ?
Ann: NAB announces results of Share Purchase Plan Offer, page-161
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Last
$39.18 |
Change
0.060(0.15%) |
Mkt cap ! $120.4B | |||
| Open | High | Low | Value | Volume |
| $39.14 | $39.33 | $38.91 | $209.0M | 5.482M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11266 | $39.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.21 | 3400 | 1 |
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| NAB (ASX) Chart |