Hello everyone!
Last financial year I sold my IP, and had nearly $40,000 worth of deductions. (negatively geared, plus a very large exit fee to the bank!).
Because I only worked half the year, my refund was small - I could only get back what I had paid in tax, which for that year was not all that much.
My question is - can I claim what didn't get used last financial year, in this financial year?
Thank you for any help!
Last financial year I sold my IP, and had nearly $40,000 worth of deductions. (negatively geared, plus a very large exit fee to the bank!).
Because I only worked half the year, my refund was small - I could only get back what I had paid in tax, which for that year was not all that much.
My question is - can I claim what didn't get used last financial year, in this financial year?
Thank you for any help!