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Thanks guys. May I ask, what is a non commercial loss? Because if I do buy all my gear this financial year I will make less than I spend. It's a personal services business. Others know it as Gardening Thanks!

Thanks Mike. I'm having a hard time understanding this. I'm really wanting to play this year strategically from a financial perspective. What to do (?!) I'm my own boss now so have the ability to work it however but I'd hate to work my *** off for little reward or worse, even go backward

Thanks man. So does that mean, if I make more than I spend in business then it can offset the capital gain income? And if I don't, it cannot be?

So it would be a wise financial decision to purchase the majority of my gear this financial year to offset?

Hi guys, I've a question for you. I made a capital gain this year where the 50% CGT discount applies and on it's own without including any other income I'll owe $15k tax. I've started my own business finally which makes good money for minimal hours which is exactly what I've been looking...