[whitewing]

Originally Posted by Aviator_guy

Not sure how many would incur loss in true sense on real estate unless it is a distress sale. Most of the time, loss is shown due to cash dealing and registration at lower than actual sale value (to save stamp duty and income tax).

What you say is true, especially during boom time for the real estate market (like the past few years), very hard to show any loss - unless they are under quoting the prices

But, if the market goes sideways like the 2009-2013, then the returns, adjusted to inflation would probably end up in losses [broad strokes here, there will be exceptions/variations].

Just because evasion is pervasive, they bring in a rule that is grossly unfair to people who are having genuine losses.

One would have hoped they applied more thought BEFORE bringing in such rules.