Blokes,
Losses from eto's, shares, property etc can be used to offset any capital gain you have made from similar investments.
The losses you make do not simply reduce your taxable income from your employment, if that is what you were meaning.
Losses are able to be accumulated over many years, and can be used whenever you have capital gain to declare in any given financial year.
Hope this makes sense
Cheers
Commy
tax question , page-2
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