Whats the deal with selling shares?

Discussion in 'Share Investing Strategies, Theories & Education' started by Hazzaportfolio, 17th Jun, 2010.

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  1. Hazzaportfolio

    Hazzaportfolio New Member

    Joined:
    1st Jul, 2015
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    Location:
    Perth WA
    I bought a heap of shares in a company that doubled in price I sold half and kept the other half. Now the other half has gone backwards by about 75% can i sell the leftovers and claim the loss against my income?
    Should I sell them in this financial year or hold and pay tax on the half I sold?

    Help?
     
    Hazzaportfolio, 17th Jun, 2010
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
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    12,414
    Location:
    Sydney
    Capital losses may only be offset against capital gains.

    You could sell the shares at a loss to offset your capital gains - but if the overall loss is greater than the gain you made, then you won't get to claim anything further, the loss will be carried forward to the future for when you next make a capital gain.

    You do need to consider your goals for this investment - is holding long term a better option for you, or do you think you can put that capital to better use in the short term?
     
    Simon Hampel, 17th Jun, 2010
    #2
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