petefromsydney started the topic In a Family Trust Can you rollover current year loss to the future in the forum Help Needed! 3 years ago
Let’s say if I have a property in a family trust and made a loss of $5000 in the current financial year and I understand that I cannot distribute the loss and if the property makes a profit of $8000 in the following year, will I be able to subtract the $5000 loss and just distribute the $3000 to beneficiaries?
Thanks Benny & Jamie.
@Jamie, could you please clarify ‘You can claim stamp duty in the first year of ownership – but the downside is that there’s land tax.’ and highlight the differences between NSW and Canberra.
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