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BIG Filing for Chapter 11 and Ceasing all Operations, page-338

  1. ZMan
    3,627 Posts.
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    22/05/18
    19:54
    Post #: 33258395
    Anyone planning anything like this should carefully consider the ATO’s attitude to “wash sales”.

    https://www.ato.gov.au/law/view/document?docid=TXR/TR20081/NAT/ATO/00001

    “More generally, the expression wash sale is used to describe arrangements where a disposition of an asset occurs without an intention of ceasing to hold an economic exposure to the asset. “
    BIG Price at posting: $2.22 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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