First in, First out.
So, if you buy 1,000 today and intend to hold it for 366 days (for CGT), but then buy and sell a further 500 shares daily, you'll never actually get to the CGT discount threshold because ATO sees you as selling part of the first portion first.
There is one ruling that I am aware of where the same amount of shares were traded daily, and they qualified for CGT on the intial amount, but you'll need to get a private ruling on it.
Chart - Z1P, page-8497
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$2.70 |
Change
0.150(5.88%) |
Mkt cap ! $3.564B | |||
| Open | High | Low | Value | Volume |
| $2.57 | $2.75 | $2.57 | $25.99M | 9.657M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 167010 | $2.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.70 | 89135 | 2 |
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