I was also going to ask a question about this... How do people claim capital losses when winding up a startup? I assume that any money you have contributed after the initial equity stake is considered a 'capital improvement' and thus can be included in the CGT cost base for assessing your capital gains, or at Q15 of your tax return.
This is the 5th element of ITAA section 110.25: http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s110.25.html If anyone has an advice or experience on this area, I'd love to hear more. Having spent a considerable sum on two different startups I'm looking for any suggestions to how this is usually done (... prior to consulting a tax agent formally) Cheers, Nigel On Sun, Mar 16, 2014 at 8:09 PM, hoops <missingmatt...@gmail.com> wrote: > Any advice or stories about winding up a startup ? > > > -- > -- > You received this message because you are subscribed to the Silicon Beach > Australia mailing list. Vist http://siliconbeachaustralia.org for more > > Forum rules > 1) No lurkers! It is expected that you introduce yourself. > 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs > > > To post to this group, send email to > silicon-beach-australia@googlegroups.com > To unsubscribe from this group, send email to > silicon-beach-australia+unsubscr...@googlegroups.com > For more options, visit this group at > http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en > > --- > You received this message because you are subscribed to the Google Groups > "Silicon Beach Australia" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to silicon-beach-australia+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/d/optout. > -- e: wtfi...@gmail.com m: +61 403 930 963 -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/d/optout.
