Here's a question:
Hypothetically let's say investing/trading as a sole income you incur a $100k loss in a financial year (no tax return this year) and let's say you make a $500k gain in the next financial year (mixture of trading and holding shares > 1year)
Taxable income next year will be $400k?
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- 50% CGT and share trading
50% CGT and share trading, page-8
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