If you had a $1000 Capital loss from previous years,
and a $2000 Capital gain from this year (with entitlement to 50% discount)
Option A would mean that this year's gain would first be reduced to $1000 (50% discount) then reduced to zero after applying previous years' loss.
Option B would mean this year's gain would first be reduced to $1000 (previous loss offset) then reduced to $500 after applying CGT discount.
It should be Option A, logically and morally.
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- 50% capital gains tax discount on shares and deducting previous years capital loses
50% capital gains tax discount on shares and deducting previous years capital loses, page-2
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