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  • Working out your capital loss

    If you haven't made a capital gain, you may have made a capital loss. You need to know your reduced cost base before you can establish whether you have made a capital loss.

    If your reduced cost base is greater than the capital proceeds you received (or are entitled to receive) for your asset – that is, you've sold an asset for less than what it cost you – you have usually made a capital loss. The difference between the two amounts is your capital loss.

    Next steps:

    • Reduced cost base
    • You can use the Capital gain or capital loss worksheet to work out a capital loss. You can also use it to work out a capital gain and compare the results when using the discount and indexation methods to calculate your gain if you are entitled to use these methods.

    See also:

    Last modified: 01 Jul 2020QC 22160