Capital gain adjustment against loss

This discussion explores whether capital gains from a commercial property sale can be offset against losses incurred on a building development project that is still under construction (Work in Progress). The key issue is whether a capital gain in an individual's name can be adjusted against a loss from a proprietorship business, even though both involve long-term capital gains and losses. The consensus suggests that WIP losses cannot typically be adjusted against such capital gains under current tax regulations, particularly concerning how WIP is valued.