Thanks @picastoc and @TrayonRanger for shedding some light on...

Thanks @picastoc and @TrayonRanger for shedding some light on the matter. And congratulations @picastoc - I am also in a very similar position and its good to know that the losses can be taken up partially and the unused portion can be carried forward to the subsequent years. My capital losses for the year are approx $150k and I am privileged to be in a position to say that I am not worried about it as the gains are far more significant than the losses. The losses will help me offset what would otherwise have been a significant CGT when I do end up selling it. However, I have no intention of selling anytime soon. Not sure however if there’s a limit on the number of years the capital losses can be carried forward for.