Forum Archive Index - April 2001

["nick" <acummin@es.co.nz>]

   You probably could claim them them back , however if you do so, then
be prepared to have your future capital gains taxed as well at 33%.
     The capital gains tax on shares is very murky in this country, it
seems to be entirely at the discretion of the tax man.
    If i were you i would just put the losses down to experience, unless
you are already being taxed on capital gains
      nick

> 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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