So lets just say FY 09-10 you had an overall Capital Loss of 50K.
In 10-11 you make 100K profit from shares you've held over 1 year before selling.
So your overall capital loss/gain would now be nil?
-50,000
plus
50,000 (100,000 divided by 2 cause of 50% tax rule)
equals
0
??
- Forums
- General
- quick tax (cg) question
quick tax (cg) question, page-4
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Iggy Tan, Executive Chairman
Iggy Tan
Executive Chairman
SPONSORED BY The Market Online