It's not investment advice. Tax avoidance is illegal, period. Div 7A of the tax. IT's the reason why even multinationals and anyone are not allowed to avoid tax.
Tax minimization however is a whole seperate issue, and skirting that line. You can minimise tax by selling out at a loss and offsetting against gains. However, buying back in shortly after is seen as tax avoidance - after all it is just the notion that you are crystalising a loss but realising and returning your position again shortly thereafter.Hope that makes sense.
As someone commented: yes you could have to offset capital losses against your gains first - though why wouldn't you anyway? You can choose which gains to offset against. and no - you can not get a 50% discount then offset losses, offsetting occurs first and foremost.
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