CBA 1.02% $142.00 commonwealth bank of australia.

CBA back to $45-50 again soon?, page-273

  1. 235 Posts.
    lightbulb Created with Sketch. 20
    My understanding is this is not a wash sale, The ATO have two criteria

    You will run foul of the Act if you answer yes to both the following questions:

    1. Did you obtain a tax benefit from your activity - a benefit that would not have been available if you had not entered into it?

    2. Would it be concluded that you entered into the scheme for the sole or dominant purpose of obtaining a tax benefit?


    In both cases cases the answer for me is no. The 30 days is a US rule

    https://www.reformedadviser.com.au/news/2015/10/28/tax-loss-harvesting-in-australia

    This is not advice, just sharing my approach and research to the share buyback

    George
 
watchlist Created with Sketch. Add CBA (ASX) to my watchlist
(20min delay)
Last
$142.00
Change
-1.470(1.02%)
Mkt cap ! $236.1B
Open High Low Value Volume
$140.87 $142.38 $140.50 $97.63M 689.8K

Buyers (Bids)

No. Vol. Price($)
14 284 $141.98
 

Sellers (Offers)

Price($) Vol. No.
$142.00 179 9
View Market Depth
Last trade - 12.32pm 09/09/2024 (20 minute delay) ?
CBA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.