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A loss on a share can only be used to offset the capital gain on...

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    A loss on a share can only be used to offset the capital gain on another asset (shares, property etc). The loss if declared can however be carried forward,ad infinitum, until a capital gain is made.

    For example:
    Your loss this year: $10 000
    Your capital gain this year: $ 5000

    Capital gains taxable this year: $0
    Loss carried forward: $5 000

    Last edited by longgone100: 08/07/19
 
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