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6 April 2021
My client is trading through a trust under courier business. The trust have business loss from prior years.
They also have investments in the Trust. Can they apply the prior year loss on capital gains on share investment of the Trust?
Most helpful response
7 April 2021
Business and capital gains losses are treated separately.
If certain criteria are met, business losses can be carried forward and used to reduce the net income in a future year.
Capital losses are also carried forward and used to offset a capital gain in a future year.
We have some awesome information on our website you might want to check out.
Trust loss provisions
Trust Capital gains losses
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