"I know someone who ended up with a ~$200k CGT carried loss because of the GFC, but was still paying the ATO big capital gains from the previous years trading"
I was pretty much in that position after the GFC, what saved my hide was in those days you could claim up to $100k tax deduction for super.
The $30K or so ( 50%) that Commonwealth Bank took as a break fee on margin loan prepaid interest also helped.
KGN Price at posting:
$7.01 Sentiment: Hold Disclosure: Held
