I was aware of this, but I am not really sure if it is actually enforceable.
Lets just say you are losing 500 K on one stock, and you gaining 500K on another, it would be very unreasonable to expect you to hold onto your losses but pay tax on your gains. (-As you in reality never made a profit,)
As for buying those losing shares back later, it's no different from trading shares, also there is no warranty that you make a profit on them later, but if you do, it would be taxable.
IMO of course.
Sell in May and go Away ! or not ? chart thread, page-325
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Last
$3.00 |
Change
0.050(1.69%) |
Mkt cap ! $9.034B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $3.04 | $2.92 | $45.62M | 15.23M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 345887 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 35013 | 5 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| PLS (ASX) Chart |