I wanted to check a tax scenario:
Share portfolio is held jointly.
2019/20: Tax position was cap losses of $150k carried forward
2020/21: Losses on share trades $250k
. Gains on share trades held less than 12 months $350k
. Gains on share trades held greater than 12 months $300k
. Dividends including franking credits $20
I find the ATO website a little confusing on where the losses can be applied.
