Hi I'm a newbie here and hoping someone can shed some light on my query, I have had a BT superwrap account for quite a while. I also have some super tied up in a capital guaranteed rollover fund. I decided recently to open a SMSF to do some direct Fixed interest and utilize some high yielding CMT accounts. I have a reasonable amount of money to manage. I was thinking to just do managed funds on the BT platform Then I woke up and wondered about tax consolidation as I never had to really think about it before. What happens if the BT super Wrap platform makes an overall capital gain for example and the SMSF generates a capital loss on listed securities? The BT Superwrap does all the reporting for the self contained portfolio and the tax reporting for my SMSF is done by the company that set it up. Does it get offset anywhere ?? with the tax office? How does this work if at all. I suspect that the answer will be that the tax office will look at them as to seperate entities and the offset capital gain and loss wont take place. any illumination would be welcome thanks !