A capital loss is declared once. Thereafter, it is carried forward every succesive FY until it is cleared by a commensurate capital gain, or accumulated capital gains in each FY. You don't pay tax on any suceeding FY capital gains after the initial declaration of the capital loss until your accumulated capital gains exceed the original loss. That is, you only pay capital gains in succesive FYs when your accumulated gain exceeds the original loss. Make sure to keep track of the loss balance in succesive FYs until it goes positive ( > 0). After that, your capital gains are taxable. While you remain negative you don't pay capital gains tax.
BIG Price at posting:
$2.22 Sentiment: Hold Disclosure: Held
