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Online Share Trading

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tax loss or profit carryover

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Frequent Contributor
HI All an easy question. Is the loss from one tax year transferrable to the next year and be tax deductible?
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Contributor
Yes it is. But a loss can only be carried over for one tax year.
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Super Contributor
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.
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