Ask Ban Tacs Capital Loss on sale of an investment property.
Question My wife sold an investment property in 2007-2008 tax year.Incurring a capital loss of $17,000. Can this be claimed against her income tax this tax year ie 2008-2009 Answer The capital loss must be included in her 2008-2009 income as a carried forward loss and continue to be included until it is offset against …
