capital loss, page-2

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What happens if you make a capital loss?
You would make a capital loss on shares if you sold them for less than you paid for them.

But what’s important to note is that if you make a capital loss, you can use it to reduce a capital gain in the same income year.

What's more, if your capital losses are greater than your capital gains or if you make a capital loss in a financial year in which you don’t make a capital gain, you generally can carry the loss forward and deduct it against your capital gains in future years.

https://www.commbank.com.au/guidanc...uide--capital-gains-tax-on-shares-201605.html