GiddyYup said "Capital losses are money that we don't have but...

GiddyYup said "Capital losses are money that we don't have but are easily quantified since its on tax returns so no reason not to use that number to tax us on the loss also."


Not sure if they would try that one GY? The "Capital Loss" is only able to be used against payments owing on "Capital Gains".

CGT wasn't payable at all before 1985, the government who brought us CGT made sure it was not retrospective, because they would have lost at the next election, same thing will happen if they try stuffing around with CGT any further.