hello
Mrs A have 2 Residential properties. both are more than 7 years old. She resides in 1st house and 2nd is rented out.
Mrs A sells second house.
since its second house, she's liable to pay LTCG.
she holds a few listed shares bought 5+ years ago, which are in negative.
she sells those share and incurs losses.
second residence sale and loss making listed shares are sold in same FY.
can the loss incurred from shares be adjusted against profit from second house ?
please advise.
thanks
CAclubindia
