Let's keep it real, page-47

An interesting one that I'm confirming 100% this year. I've been carrying $10k of CGT losses from shares years ago, to credit against gains in the current year.

I thought that each time you profit (and trigger a CGT event) that gets taxed, then subsequent investment loss then becomes a CGT credit for any future profits, ie they can't apply retrospectively to the previous CGT event.

Gain $10K pay tax....invest $10K then lose $5K on sale, carry forward $5K CGT offset against future investments. They get used up in the chronological order in which they are accumulated.

Correct me if I'm wrong please bean-counter types!