Hi there, I've been looking up tax loss claims throughout and seems not so much luck when it mixes with CFD trading.
Based on past experience and research, I understand CFD losses are deductible under "other deductions" session, while I also understand any tax loss from previous FY can be carry forward to future years (and can be carried infinitely for individuals). My question is, if I ended up with tax loss due to CFD trading in the previous year, can I apply the tax loss balance into this year's tax return?
A simple example:
Assume in 2022-2023:
Accessible income is 10,000
CFD trading loss: -25,000
Results in Taxable income = -15,000
In 2023-24 tax return:
Accessible income is 10,000
Question: Can I apply the -15,000 tax loss from the previous year and include this into the tax loss session of mytax?
Regards
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