No, if you have losses you can't write 50% of any subsequent capital gain off those losses. They come off at 100% of the losses.
Hence Scenario 2 is incorrect. The fact that both parcels of shares are sold at the same time doesn't mean you can claim the 50% cap.gain off a loss. You can never claim any cap.gain discount off an existing loss. It requires 100% to be written against any existing loss.
- Forums
- Political Debate
- ALP tax grab on Negative gearing, franking credits, CGT, SMSF, superannuation, and trusts ...
No, if you have losses you can't write 50% of any subsequent...
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online