If I carried a capital loss of say $50,000 from previous years, and in the current financial year sold a parcel of shares held for 18 months and made a profit of say $22,000, would the Capital loss carried forward be $28,000 or $39,000? The reason for the question is if I didn't have the Capital loss from previous years, and had made this profit, I would only have to pay CGT on 50% of the profit, that is $11,000. This is because I had held the parcel of shares for over 12 months. So shouldn't I be carrying forward a capital loss of $39,000? Will I be taxed differently if the $22k profit was made from a property held for 18 months?