Put simply, if i had a $100k loss in a dog stock.... Its make good sense to hold onto it in the case of :
1. If I had a good income year and took in let's say $300k income that year, I'd look to realise my - $100k loss in the financial year.
Instead of:
2. If I had an average income year of $150k let's say.... the benefit realisation to dispose in the FY is far less.
The choice is urs, and the ATO gives u that choice. All other caveats to consider, 12mth CGT discount, value of money / depreciation per year, changed tax % laws.... DYOR as they say.
No point willing GXY to $1 if I have to sell in MAY next year as I'll be heavily taxed on all fronts, etc...
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