A company is a separate legal and taxation entity from you personally, even though you may be its sole director, secretary and shareholder.
You cannot transfer gains or losses between the company and yourself.
You carry company losses forward to later tax years and should be able to write off future company profits against carried forward company losses.
- Forums
- ASX - General
- Tax treatment of CFDs
Tax treatment of CFDs, page-4
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)