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0.6¢ merlin diamonds limited

Ok thanks for that, I was under the impression that it was...

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Mr Heman

2,595 Posts.

52

22/11/19

13:38

Post #: 41579137
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Originally posted by blowski ↑

you cant claim a share loss against your normal working job income.
if you lost 1000$ in merlin shares but you made 1000$ profit on some other share then you would not pay any capital gains tax.

if you lost 1000 merlin and made $1100 on another share (after selling) then you would still pay capital gains tax on $100 of the other share merlin would offset the other 1000$ profit.

no captital loss can be used against your normal income, you could have a 50k loss and have it sitting there for 20 years until you make a profit- aint nothin change that

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Ok thanks for that, I was under the impression that it was possible ...

Looks like Joe has even demolished even that 29% Tax theory i had....

Anyway good luck if your holding any shares here as this might take years to wind down.

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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