- paula3Member@paula3Join Date: 2006Post Count: 3
Hi to everyone out there.- Could anybody please help me with the following senario:
We own a business under a trust structure that last financial year ran at a loss, ie: a trading loss as opposed to a capital loss.
We are about to start buying & selling property under the same trust structure. How do we offset a trading loss against a capital gain? Is this possible ( I certainly hope so)? We will be selling the business soon so won't be able to just offset one years loss against anothers gain.
If anyone has any ideas or can direct me to some clever accounting types it would be greatly appreciated.(we are in the southern Gold Coast / Tweed area.)
PaulatrajikMember@trajikJoin Date: 2005Post Count: 102
First things first…why are you holding business & investment assets in the same trust? Potentially exposing your investments to business risk and compromising the asset protection advantages of the trust?
Secondly, you can offset the trading loss against the capital gain.