Capital Loss

This can be used to apply against capital gains tax if you have taken losses on property purchased or similar type of investment.

Products that you have purchased with a higher risk factor will not have a guaranteed return. If the economy takes a hit and they fail to perform well then you could see a capital loss. Do consider your options well when choosing between one product and another. Insurance companies will often offer investments from low to high risk.

Talk to your accountant about the impact of a loss for capital gains. Take control of your finances.