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Tax losses carried forward, page-4

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picastoc

28,561 Posts.

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02/07/18

08:38

Post #: 34072605
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Originally posted by Munny-T-Burn ↑

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

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Very imaginative and inventive of you, must say, your post amused me.

But NO. He's post below is correct - NO

Last edited by picastoc: 02/07/18
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