How do you maximise your capital gain by selling a capital loss?

Discussion in 'Accounting & Tax' started by mmgg, 18th Dec, 2017.

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  1. mmgg

    mmgg Member

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    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 loss? Does anyone have an A4 template for us to fill out? Then how do you work out what your capital gain is by carrying this loss forward?
    Thanks for anyone's advice.
     
    mmgg, 18th Dec, 2017
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    You may be better off seeking personal tax advice. Many factors can affect the calculation and which numbers you use or disregard. Asking such a question on a forum will likely attract a load of unqualified views. Its a bit like asking for someone to explain how to extend a house.
     
    Paul@PAS, 18th Dec, 2017
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  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Terry_w, 18th Dec, 2017
    #3