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capital gains tax questions

  1. 819 Posts.
    A few questions about capital gains tax (yes I know, I should go see an accountant).

    If I make a loss during 2005 - 2006 financial year, but don't declare it for the tax department... can I then declare it during 2006-2007, and carry it into this financial year to write the loss off against gains from this financial year?

    Thanks.
 
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