tapis 128.86, page-12

exactly - so why would he sell to create a tax loss?

Selling to create a capitol loss (avg purchase 1.52 avg sell 0.76)

(INP $200 million selling over the last month capitol $100 million cash/$100m capitol loss) + (Mac $200M capitol now $300M cash/$100M CGT)= $400M

Selling to create a capitol gain

(INP in 12mths $200 million capitol $300 million cash/$100m CGT) + (Mac $200M capitol now $300M cash/$100M CGT)= $600M

Doesn't make any sense to sell to create a tax loss, if you have a tax loss already that's one thing but you don't sell to create one.