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Yes..that was my understanding as well.

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happy Hippy

5,651 Posts.

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09/10/15

18:45

Post #: 16148421
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Originally posted by Awoonga ↑

Kalenn,

There's two ways of recording the total purchases of one stock. One individually or two as an average of the total. Both legal and acceptable to the Tax Office. The advantage of keeping them separate is you can decide which buys you sell and what sales you match against them. So by selling the bigger losses first I have indeed lowered my average buy price. It also means that I have made a bigger loss now than if I used the average price method. Keeping purchases separate gives you more choice that may suit depending on which particular tax year you want to minimise gains. It also gives you the choice to decide which individual purchase you want to sell considering the 12 month/half capital gains rule.

Thanks for your thoughts.

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Yes..that was my understanding as well.

AVB Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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