Hi all
I have a question on Tax in connection with a private Brokerage Share account.
Initially the account was setup 6-7 years ago, A loss occurred on the investment but over the last number of months I have started trading again on different stocks small margins are being made, my question is
if is there any way of bringing the losses forward to cancel current/future gains? What tax is appropriate on gains?
I have done some research on it and there is an allowance of around 1,200/p.a. on gains is this the case.
Any help will be appreciated.