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Sagg(Dynamo)Dynamo
2 Apr 2025

Hi ATO,

I am writing to seek clarification regarding the treatment of a personal investment I made in a company within the property market. Unfortunately, the company has recently lost its assets, and its current value has diminished to zero.

Given these circumstances, I would like to know if I can consider this loss on my personal investment as a capital loss for tax purposes.

I appreciate your guidance on this matter and look forward to your response.



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326 views
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YellowPotato(Taxicorn)Taxicorn
2 Apr 2025

Your CGT assets would be the shares you bought in that company [capital loss would be up to the amount you paid for the shares]. If loan, generally, bad debt is not a deduction for the individual.


If company has capital losses on those assets, it stays in the company.

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Can I claim share losses as a capital loss? | ATO Community