I am aware of the ATO rules regarding share washing, i.e. selling a share holding for a loss and then immediately buying it back at (roughly) the same price.
But, what if I bought a share holding equivalent to an existing holding in said stock, and then immediately sold the original holding (for a loss) ?
How does the ATO view this practice ?
I couldn't find any specific ruling to this at their website.
Thanks
--Dan
