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Jenny (34 question of end notes)

This topic has 4 replies, 2 voices, and was last updated 3 weeks ago by maximus07.

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March 3, 2023 at 1:22 pm #680058
maximus07
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Sorry, my question gone missing from list so have to type in again.
We have not used capital loss of Business Warehouse against investment property gain instead of Qualifying gain. Wouldn’t it be preferable move to use?
March 5, 2023 at 12:17 pm #680168
JillyB
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I dont understand the question
March 5, 2023 at 12:59 pm #680170
maximus07
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I am saying that we have used Allowable loss from Warehouse against Qualifying gains (e.g. goodwill in question). Would it have been better that we have used this allowable loss from warehouse against Investment property gain.
March 5, 2023 at 3:46 pm #680184
JillyB
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Use the capital loss against the assets which attract the most tax i.e. the investment property
My answer shows this clearly
March 5, 2023 at 5:25 pm #680196
maximus07
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The answer shows “Carried Forward” loss deduction.
When we will come below this so we can see that we have “loss” of sale of Warehouse. This should have been deducted above under investment property.
Why we have not done this?
I hope I have explained the problem
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