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
($58,000 losses carried forward)
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- Tax losses carried forward
If I have no other income other than share trading can I do the...
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