"You still have to hold for a month or more, otherwise it will be deemed as a wash sale."
Hi, bbloff,
I don't recall reading that anywhere ? That might be the "45 day" rule regarding entitlement to franking credits.
To be eligible to claim franking credits you need to hold the stock for at least 45 days, plus 2 for the purchase and sale days, so 47 days in all.
The ATO ruling regarding "share Sale washing" is unclear about the scenario I mentioned. So I think I will just go ahead with it and see if the ATO wants to challenge this.
If I put some time between the two transactions, it may help my cause
--Dan
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