tax question, page-4

  1. 189 Posts.
    Cambo,

    The reason why you never had a problem is because the tax system in australia is a self assessed system. No one audits your return unless you are in a targeted group, or have something seriously unusal.

    MDW,

    The usual treatment is first in first out. Unless you have a reasonable basis to say that the shares you sold are of a certain parcel.

    Using mongombolo's example,

    If you bought 300, then 700, then 1000.
    You can safely sell 700 and say it's from the 2nd parcel.

    hope this helps
 
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