FAS 0.00% 0.4¢ fairstar resources limited

I've read with interest about booking a capital loss once...

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    I've read with interest about booking a capital loss once Fairstar is wound up, I was under the impression that this could only be used to offset against future capital gains and not against income tax? if this is the case, then it wont be of benefit to anyone who doesn't have other investments that have accrued a capital gain. Can someone enlighten me on this?

    regards
    Incognito
 
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Currently unlisted public company.

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