If I'm entitled to a senior tax offset, which I understand means that no tax is payable until my income is above $32 grand.
If my above comments is correct and my gross income from term deposits, shares and dividends is less then $32,000. Have I erred by using up these capital losses againt capital gains?
Within these earnings I have capital gains and losses...especially for the current financial year ....am I compelled to uses up these capital losses against the capital gains.
Or
Can I accumulate these losses and use them up in future years, when I exceed the tax free threshold against any future capital gains?
My average earnings from the above sources has been about $22 grand and believe I may have erred previously, by using up these capital losses against gains when there is no tax advantages ....because I don’t paying any tax.
