MRV moreton resources ltd
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Loss declaration, page-20

  1. boomshares
    463 Posts.
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    17/02/21
    09:59
    Post #: 51064024
    I believe that the ATO doesn't accept selling to a related party to merely incur a capital loss. I tried it once and it didn't work. Even if you don't intend to buy it back (viewed as a wash sale) they might not allow it. Of course speak to your tax advisor/accountant to clarify before pursuing this option.
    MRV Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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