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Can I offset capital loses in shares against rental income on an IP?

Discussion in 'General Investing Discussion' started by Sk3tChY, 17th Sep, 2010.

  1. Sk3tChY

    Sk3tChY Well-Known Member

    4th Aug, 2007
    Sydney, NSW
    I've lost a fairly sizeable amount in shares due to the huge market crash, however my IP I purchased a couple years ago has started making me some money through rental income.

    I was wondering if I could offset my share loses against my rental income?

    I haven't realized the the share loses yet, I'm hoping the market will improve a little, otherwise I'll wait until I can hopefully offset them against something before realizing them.

    I came across this which says you can offset against capital gains in property, but I'm sure rental income is different to capital gains.

    Just wondering if it's possible?

    EDIT: I came across this thread in another forum, it looks like I can only offset capital loses against capital gains, not rental income.

  2. Billv

    Billv Getting there

    15th Jul, 2007
    Sydney, NSW