30 Days is I think the accepted time that needs to expire before buying back shares that you previously sold to claim a loss against your taxable profits.
If you purchase them less than 30 after you sold you cannot legally claim a capital loss.
I'm sure many don't abide by this rule and it's only a problem if you get caught. But then it becomes a real problem.
When dealing with the ATO or IRS I find it's best to stick well within the rules. I use a 45 day interim period just to be sure.
There is also the issue of Trader vs Investor whereby the Traders cannot claim the 50% Capital Gain discount on shares held for over 12 months.
It's a walk on a tightrope sometimes.
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $74.14M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.2¢ | $41.26K | 1.791M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1303214 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 280000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1303214 | 0.022 |
15 | 2343584 | 0.021 |
21 | 3971251 | 0.020 |
6 | 1029920 | 0.019 |
3 | 566369 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 280000 | 3 |
0.024 | 4580550 | 11 |
0.025 | 1095997 | 8 |
0.026 | 2095955 | 3 |
0.027 | 1000000 | 1 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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