Announcements
Are you a tax professional needing a bit more time to lodge? Check out how to apply online for a deferral, or ask the Community!

ATO Community

capital gain

Newbie

Views 306

Replies 2

Can a loss on a sold property be used to offset against gain on share tradings ?? please advise 

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

ATO Community Support

Replies 0

Hi @KYLE2,

 

@SM2304 is right.

 

A capital gains tax asset is just that - a capital asset. The type of capital it originated from does not matter.

 

If you incur a capital loss on a property, this can be offset against the capital gain you make on shares.

 

A capital loss is a capital loss, no matter it's source. A capital gain is a capital gain, no matter it's source. We don't define the "type" of capital gain/loss beyond this.

 

 

2 REPLIES 2

Devotee

Replies 0

Yes, if it is an investment property 

Most helpful response

ATO Community Support

Replies 0

Hi @KYLE2,

 

@SM2304 is right.

 

A capital gains tax asset is just that - a capital asset. The type of capital it originated from does not matter.

 

If you incur a capital loss on a property, this can be offset against the capital gain you make on shares.

 

A capital loss is a capital loss, no matter it's source. A capital gain is a capital gain, no matter it's source. We don't define the "type" of capital gain/loss beyond this.