If I have no other income other than share trading can I do the...

  1. 334 Posts.
    If I have no other income other than share trading can I do the following:
    Example only:
    This year Capital gain = $60,000
    Capital losses from previous years = $100,000
    Apply $42,000 of losses to get a Capital gain of $18,000 (below tax free threshold)
    = NO TAX PAYABLE
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.