Quote Originally Posted by Nor View Post
"The capital tax liability of bonds does not depend on whether you are an 'bond investor' or 'bond trader'."
True. But what if its a capital loss? As it's written you include it as Other Income whether it's a gain or a loss. Seems unusual to me that a 'bond investor' could claim a loss whereas a 'share investor' can't.
Unusual or not, I believe claiming a capital loss on bonds is how it works, due to their 'scheme of arrangement' status. However, I am not sure if you are claiming a 'scheme of arrangement' loss that it can be cashed up. It may just be offset against future 'scheme of arrangement' gains. All this stuff has put me off buying bonds on the market, so I do not speak from experience. Oh for the good old days of just declaring the interest you were paid!

SNOOPY