Chart, page-8604

Yep. That seems pretty clear. So CGT handling is different from income tax handling on shares, I guess, or it might be time to get a new ruling from our inconsistent friends at the ATO, me thinks. It wouldn't be the first time we have seen contradictory rulings. The logic they apply for CGT would seem to be equally reasonable for inventory sales (as it is just another form of asset), of course the problem with electronic trading is that you can't designate which shares you are actually selling, but we track them at the parcel level anyway, so we have the records - the system just assumes it is FIFO so tracks sales and splits parcels accordingly. Thanks again.