Great interview. Can the capital gains loss be backdated if the property was sold within the 5yrs? Eg property sold last year , can i carry forward 5yrs and pay the contribution this year?
Your ability to make contributions to super has nothing to do with a carried forward loss. A loss can be carried forward indefinitely, you can look back a maximum of 5 years and consider making a larger contribution to superannuation with available cap space. I am not sure the two considerations in your message go together but there may also be more in play.
@thestrategystacker probably i want not clear with my query. The query was related to, offsetting part the capital gains of the property i sold last year , by contributing to SMSF this financial year? Or to offset any capital gains, the lodgement has to be made in the same financial year?
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Great interview. Can the capital gains loss be backdated if the property was sold within the 5yrs?
Eg property sold last year , can i carry forward 5yrs and pay the contribution this year?
Your ability to make contributions to super has nothing to do with a carried forward loss. A loss can be carried forward indefinitely, you can look back a maximum of 5 years and consider making a larger contribution to superannuation with available cap space. I am not sure the two considerations in your message go together but there may also be more in play.
@thestrategystacker probably i want not clear with my query. The query was related to, offsetting part the capital gains of the property i sold last year , by contributing to SMSF this financial year?
Or to offset any capital gains, the lodgement has to be made in the same financial year?
@@lovecricket1000 yes if it’s last years gain it’s to late to offset the CGT with a contribution this year