No restriction, I claimed a loss on a share I held for over 11 years (much to the annoyance of the company who kept at me for all that time to sell for next to nothing).
The accountant told me I could hold over the loss and claim against my income which was expected to be higher in coming years, and it was. Increasing my return.
The loss was claimed directly against my income, inversely as profits add to my taxable income.
BNB
babcock & brown limited
No restriction, I claimed a loss on a share I held for over 11...
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