Capital loses carried?

Discussion in 'Accounting & Tax' started by MJK__, 15th Feb, 2008.

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  1. MJK__

    MJK__ Well-Known Member

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    Can capital losses (eg. realised capital losses from selling out of shares at a loss) be carried forward from year to year to offset against future capital gains?
    (eg. may have no relised capital gains this year but may have realised capital gains a couple of years down the track.

    Note: no trusts involved just simple investment under own name.

    MJK:D
     
    MJK__, 15th Feb, 2008
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    Yes, capital losses will be carried forward to be offset against future capital gains - this is true in both personal and trust structures.
     
    Simon Hampel, 15th Feb, 2008
    #2
  3. MJK__

    MJK__ Well-Known Member

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    Thanks Sim, thought as much. I've just never lost before.:eek:

    MJK
     
    MJK__, 15th Feb, 2008
    #3
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