Non-binding edited private advice. This is an edited version of private advice the ATO gave to a specific taxpayer about their own circumstances. You cannot rely on it — it is not binding and provides no protection for anyone else (see PS LA 2008/4). Use it as a guide to the ATO’s thinking, not as authority.
1
Did the Taxpayer make capital losses totalling $XXX under subsection 104-25(3) of the
Income Tax Assessment Act 1997
(ITAA 1997) as a result of CGT event C2 happening in the income year ended 30 June 20XX in relation to the Loans?