Hi all. Quite obvious to me in many places I look the losses continue. Lot of talk of end of the poor outlook, but reality seems much different....
What's the difference between an accounting loss and a tax loss in a trust's financial statements and tax returns? What exactly is an accounting...
Working through my MyGov return, i was surprised to see that it wants me to apply any previous years capital losses to this year's capital gain...
Hello All, Hope everyone is doing well. I wanted to post my situation and get some insights please. Here it is: We're moving to a new house in...
From time to time we encounter clients who make a donation in a tax period when they have a tax loss. The deduction is lost and unavailable. Tax...
Some investors end up selling a property or shares at a loss. They may have borrowed to acquire the property or shares but the sale proceeds may...
Hypothetical questions. If an individual has some capital gain losses from say selling shares or property. Can trust distributions income be used...
Interesting article in the paper today > 'If I'm not safe, no one is' - when property investing goes bad . Really reiterates what the wise people...
Hey PC. Just wanting to know how everyone manages seeing their Portfolio going massively into the red overnight. I'm currently in an...
Another Tax Reason not to Invest in your Own Name If there is a loss and the person dies the loss is basically lost. If the investment vehicle...
Newbie here.. Hoping for something positive for a bad situation. We signed an OTP to buy a commercial property on the basis that we had also...
I'd like to understand how tax works in this scenario. Owner holds one IP and has a job. Job disappears, and rent also falls at lease renewal...
As the title states, I'm going to be cutting my losses with a property riddled with a maintenance issues. The only issue is, the mortgage is a...
Business in SMSF - purchase of assets but have decided not to proceed ??? Good afternoon. Looking for some input. I purchased some assets in...
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