If someone has shares with a capital loss that they don't see value in holding, when would be the best time to claim the loss? E.g. when selling...
Hi All, Just want to ask to quick question. I am a director of a company with the company giving me directors fees($100k) and also retaining...
Hi Ladies and Gents I hope you are well. I think this is a fairly simple question and this is the first time I am dealing with. I am just getting...
Parental guarantees can only be used as a substitute for a deposit. They are what is termed a security guarantee. The obvious alternative to...
My wife and I bought our first property in 2012 for $449,500 which we lived in for around 18 months. We then turned it into an IP before we sold...
Hi, Just wondering if someone can assist me? I am about to settle on an investment property I am selling after owning it for 2 years. It will be...
I'm looking at kicking off debt recycling and have split my home loan in two ready for this (note: not planning to leverage, only recycle). I...
It is important to think about the potential tax issues that could arise upon your own death. A little bit of planning can save the family lots of...
Hi, I have tried searching the ATO for the answer to this question but don't seem to get a straight answer. I may be selling my first IP at a...
There is no time limit as to how long you can carry forward losses – whether income losses or capital losses, however they will be lost at death...
I will, of course, seek and pay for appropriate specific advice as to how this would be achieved in light of the specifics of the Trust deed etc,...
My father had an investment in Pacific First Mortgage Fund - related to City Pacific - which has been involved in litigation against the former...
So we own multiple properties. We want to sell a capital loss property prior to a capital gain. Firstly how do you work out a genuine capital...
hi I was wondering if someone could help answer this I have asked my accountants Iam waiting on a response but thought I would ask on here also...
Hi guys, Just after a bit of advice about what to do with an Epping Park investment apartment that was purchased off the plan a year ago. Before...
Capital Losses and Income losses A capital loss is different to an income loss. Capital losses may result from buying capital assets and...
Losses can be used to offset gains. But capital losses can only be used to offset capital gains. Losses are applied before the 50% discount....
Don’t Claim the 6 year rule where there is a capital loss Most readers will know about the 6 year rule whereby a person can be absent from their...
Hi, I am an executor of a deceased estate, and director of a family trust, both in the same family, so the beneficiaries of both are mainly the...
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