Australia's largest stock trading and investment forum Australia's #1 stock forum

isnt the system mean im guessing there is no allowance for...

First 23 Last

Share
Profile

Follow
assailed

2,155 Posts.

27

15/03/17

11:29

Post #: 23359254
Share

Originally posted by Seymour93 ↑

Mate, I would hold if you feel comfortable that the coy will increase in value over time.
No point selling at loss just to reduce tax, I find it defeats the purpose of trading and winning throughout the year.

A capital loss can only be put against a capital gain. So it cannot be offset against regular income.
Any losses you have made throughout the year will offset any gains.
If the gains outweigh the losses then you are assessed on the gain, and the reciprocal is true.

Expand

isnt the system mean im guessing there is no allowance for inflation and also wouldnt over time they just say your records arent reliable so basically according to the govt someone who lost 100000 ten years ago and makes 100 dollars today is lucky
Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

There are more pages in this discussion • 8 more messages in this thread...

First 23 Last