Should have mentioned the net net benefit is lesser
22,400 (28,000 less 5,600 tax), by holding
21,900 (36,500 less 14,600 tax), sell and buy back at 20% discount
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500 net net benefit of holding in the scenario
Tax circumstances vary, and this is not advice. Just showing a perspective I'd have to bet the SP would decline more than 20% before I'd have any benefit.
Cheers
AGM, page-338
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