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  • Profile photo of paula3paula3
    Member
    @paula3
    Join Date: 2006
    Post Count: 3
    July 17, 2007 - 9:23 am

    Hi to everyone out there.- Could anybody please help me with the following senario:
    We own a business Chefunder a trust structure that last financial year ran at a loss, ie: a trading loss as opposed to a capital loss.
    We are about the start buying & selling property under the same trust structure. How do we offset a trading loss against a capital gain? Is this possible ( I certainly hope so)? We will be selling the business soon so won't be able to just offset one years loss against anothers gain.
    If anyone has any ideas or can direct me to some clever accounting typesReading it would be greatly appreciated.(we are in the southern Gold Coast / Tweed area.)
    many thanks
    Paula

    Profile photo of paula3paula3
    Member
    @paula3
    Join Date: 2006
    Post Count: 3
    February 23, 2006 - 9:00 am

    Does the “boom’ cycle really hold any credibility? Are we trying to predicte the next boom because the most recent one has been so kind to us? It is some what easy to average a cycle out to every 7 years or so if you extend your calendar back far enough.
    I’d like to share an example with you –
    In 1982 a spectular Gold Coast beach front unit was purchased for $190K. It was held for 20 years then sold to me for $290K. I bought at auction and was kindly told by the real estate agent that I had paid to much! Now 4 years on I am about to list the property at $700k. How does this equate to boom cycles??
    Isn’t it better to concentrate on good deals now than trying to crystal ball the future?

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