tax loss or profit carryover

[Starsky]

HI All an easy question. Is the loss from one tax year transferrable to the next year and be tax deductible?

[BullsnBears]

Yes it is. But a loss can only be carried over for one tax year.

[CHATTYCHAT]

Why you saying this, "only transferrable for one year"? >>> Remember that deduction is capped for individuals: example, loss on share trading not to be offset agains taxable income from salary, and so forth.