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Thanks for those examples.So there is nothing that states I must...

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holdenman

33 Posts.

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22/07/22

21:36

Post #: 62684603
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Originally posted by DmitriMA: ↑

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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Thanks for those examples.

So there is nothing that states I must deduct my previous years capital loss first, before applying my 50% CGT offset?

It works out financially better for me to apply 50% CGT offset first and then deduct my previous years capital losses.
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