A local capital gain is a a profit made on the sale of any local asset such as a property (primary residence or rental property), shares (listed or unlisted), unit trusts or cryptocurrencies.
A profit is made when you sell the asset for more than you paid for it.
A capital loss is a loss incurred on the sale of an asset such as a property (primary residence or rental property), shares (listed or unlisted), unit trusts or cryptocurrencies.
A loss is made when you sell the asset for less than you paid for it.
