COE 0.00% 18.0¢ cooper energy limited

whats the story with tax loss selling, page-4

  1. 131 Posts.
    There's been no change in the law, but the tax office has indicated they may cancel tax benefits associated with some wash sale arrangements.

    The actual ruling is at http://law.ato.gov.au/pdf/tr2008-001.pdf - there's some practical examples which may help.

    They don't mention SMSFs at all, so selling to one probably won't pose a problem. Selling to spouses or family members may cause problems if there's some sort of an arrangement or understanding that the taxpayer will retain continuing economic exposure to the stock (or something like that)

    If in doubt, seek a tax professional!

 
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