What Is Taxable Income In Spouse Details?

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(Initiate)Initiate

24 Aug 2023

My spouse does not need to lodge a tax return. She receives the following all from shares:

- Dividends

- Franking credits

- Capital gains and losses

In my tax return, do I include all of this under "Spouse's Taxable Income"?

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(Taxicorn)Taxicorn

25 Aug 2023

Yes, if net capital gains are positive - net capital losses do not reduce taxable income.

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(Taxicorn)Taxicorn

25 Aug 2023

Yes, if net capital gains are positive - net capital losses do not reduce taxable income.

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