BGC bridge global capital management limited
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tax time question, page-2

  1. scottyboy
    107 Posts.
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    25/06/09
    17:26
    Post #: 5324432
    You have to wait until NFL is declared bankrupt.

    After this the loss is registered with the ATO and only after you make a capital gain on another investment can you then right it off against the gain.

    I've just been through this with the taxman.

    BGC Price at posting: 3.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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