Forum Archive Index - April 2001

[Greg <g&jelliott@xtra.co.nz>]

Sorry if this is a dumb question but it's tax time and you are all old hands
at this, while I've entered the market at a volatile time and paid for it -
so my question to fellow sharetraders is: can losses in capital from trading
be written off, or rebated against other income?

If so, tracking the gains/losses is a complex art, particularly if you
bought and sold the same shares at different times and quantities. If you
buy 50,000 shares at 50c then another 50,000 at 70c and later sell 50,000 at
60c, is this a gain or a loss?

Thanks, Greg Elliott
(disc: more losses than gains, thanks to AIRVB) 


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