Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 4 terms
The shortfall of consideration below the cost of acquisition on the transfer of a capital asset, available for set-off under prescribed rules.
It arises on a transfer, not on a collapse in value. A short-term loss can meet either kind of gain; a long-term one can meet only long-term gains.
A fall in value that no amount of waiting can reverse — because the business has been impaired, because the holding cannot be sold at all, or because you sold at the bottom.
The only fall that genuinely costs you money. A price that dropped and recovered took nothing but your comfort; a price that dropped because the earnings power went, or because you were forced out, is gone for good.
Taking an unused capital loss into later years to set off against future gains — up to eight years for capital losses, and a shorter window for speculative (intraday) losses.
Conditional on filing the return by the due date. A late filing forfeits the right entirely, which is an expensive way to lose money to a calendar in a year you already lost some in the market.
Using a realised capital loss to reduce taxable capital gains, under rules governing which kind of loss may offset which kind of gain.
Short-term losses are the flexible kind, offsetting both short-term and long-term gains. A long-term loss offsets only long-term.