Capital Gains Tax 2020/21

  1. 945 Posts.
    lightbulb Created with Sketch. 43
    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.


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.