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Thanks for the reply and well done for recovering your GFC...

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18/01/18

13:21

Post #: 30394403
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Originally posted by TheCapatilist ↑

You can sell shares that you have held.for any amount of time, either less than 12 months or greater than 12 months. The only problem with selling shares that you have held for greater than 12 months, for using to offset against capital losses, is that you will lose any CGT discount you could have claimed if you had.no losses.
In answer to the second part of your question, yes you can use small capital gains to help offset your losses amd.carry forward leftover losses to following years. After the GFC, I had carry over loses for 7 years that I gradually reduced as I made gains in following years.

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Thanks for the reply and well done for recovering your GFC losses. So if I read you correctly, the only down side of selling shares held for over 12mths when offsetting my loss is that I miss out on the 50% CGT discount. But when offsetting against a capital loss no matter how long I have held the shares I have to claim the full capital gain. (No 12mth CGT discount if claiming against a capital loss).
So I wont have to factor in holding time whilst trying to recover and offset my losses. Due to some bad investments I shouldn't have to worry about paying CGT for quite awhile.
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