It is not a perfect system by any means.
However once you claim the loss on your year end tax return it gets rolled over year on year until it is used.
I have clients who made losses over 10 years ago and they still sit there waiting to be used.
Any profit is good, dont forget that.
Cheers
- Forums
- ASX - General
- Recommendations for good Accountant in Sydney?
Recommendations for good Accountant in Sydney?, page-24
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)