If you have no current year capital losses or unapplied net capital losses from earlier years, go to step 7. Otherwise, read on.
From your Capital gain or capital loss worksheets (PDF, 87KB)This link will download a file, add up all your capital losses for 2004-05 and make a note of this amount. Remember that you do not include:
- capital losses from personal use assets
- capital losses from collectables, or
- capital losses that are disregarded (for example, those from assets acquired before 20 September 1985).
If you have a current year capital loss, go to step 5.
If you have only unapplied net capital losses from earlier years and no capital gains, go to step 6.