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Recent Questions & Answers

Carry forward of losses

Tony Negline

I have a SMSF with myself as trustee in accumulation phase and my mother in pension phase. Assets are treated as unsegregated.

There was a capital loss of some 15K on 2010 financial year in the pension account (I didn’t actually transfer funds into my account until 2012 FY).

In 2011 and 2012 FY, no capital gains or losses from were incurred, as no shareholdings were sold.

In 2013, FY shareholdings were sold with a capital gain of 4.5K. The carry forward loss was not applied and I missed this as the 2011 and 2012 returns never showed the carry forward loss from 2010. The gain was taxed at 15%

Questions I have now are:

  • Have I missed something regarding carry forward of losses in pension phase in an SMSF?
  • If not, can I, as trustee, amend this myself? I’ve been advised that I can, but need to have the amendments audited?
  • Can you shed some light on this?

 


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A2M

Paul Rickard

I read the report on A2M released a few days ago and thought it was an outstanding result all things considered.

The share price since has been in decline.

My question is, do you accumulate more shares at the lower price or have I misread this report?


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Duet

Paul Rickard

What is your view on Duet – should I keep these shares?


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Telstra’s price

Paul Rickard

I’m curious, well actually a little nervous, as to why Telstra’s price is dropping so steadily prior to going ex-dividend. The announcement of a new chairman seems to have caused an even further fall. I would be interested in any comments/opinions regarding Telstra as a long term hold for income.


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Law changes

Tony Negline

Is there any chance that there will be a change to the law to stop large super fund managers from lending out stocks to hedge funds so that they can trash our market?

It seems to be getting to the stage where logic has gone completely out the window and our market is being largely manipulated.


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