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I owned 4 properties (now 3) and have never been able to claim all my tax deductions as I have a lower income and all properties have been negatively geared. Are these losses carried forward to future years? Also,just sold a property and will pay capital gains.Will my past negative gearing losses claw back some of my capital gains tax?
Yes. see http://www.somersoft.com/forums/showthread.php?p=871036#post871036
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Viewing 2 posts - 1 through 2 (of 2 total)
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