CGT for Collectible

Artcore

很简单一个问题
Capital losses generated from collectibles can only be used to reduce capital gain from collectibles: s108-10(1).
Example:
Your capital gains from collectables total $200 and your capital losses from collectables total $400. You have other capital gains of $500. You have a net capital gain of $500 and a net capital loss from collectables of $200.

This is absolutely correct.

The next question is: Can capital losses generated from normal assets used to reduce capital gains from collectibles?

Artcore

I think you can, i.e. normal capital losses can reduce capital gains from collectibles.

leo727

agree