Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY
You wouldn't pay any tax on the capital gain (offset the 50k profit with 50k loss) and you'd have 50k deferred capital loss carried over to next financial year. I.e. you'll have 50k capital losses to offset your capital gains next year.
Edit...
Re: WELL THAT WILL DO ME!!UNLIMITED STUPIDITY
Nah, capital losses can only be used to offset capital gains. You can, as far as i know, use income losses (not that you'd want to have that) to offset capital gains though, just not the other way around.
Briefly dipped to 7.70, getting a little hairy. What's the worst case scenario here? The banks review B&B's debt terms forcing a fire sale of their assets. Would this just mean a bigger subsequent hit to B&B's share price or something worse?
As an aside, I just had a quick look through their...
Does anyone think this stock has a chance of a rebound or is sell the general concensus? .
Edit: Oh, and I'm not asking for financial advice, just trying to gather a general opinion.
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