Great posts recently. If I can deviate and ask a slightly different question.
Not just IHL but just in general if one were to sell a stock and buyback in a few days, how many days should the gap be (like a week or a month) before ATO considers a wash trade?
When I read up the ATO rulings and examples (https://www.ato.gov.au/law/view/pdf/pbr/tr2008-001.pdf) they talk about less than 24 hours, or the manner in which a trade was executed i.e., intention etc.,. However if like in this situation where the global markets was down or IHL not listing on Nasdaq in January could be expected to drive the SP down in the ST could one sell high and buyback lower after a week or so and not be deemed a wash sale?
I am not asking for financial advice just thoughts or any experience that can be shared. Thanks.
- Forums
- ASX - By Stock
- IHL
- General discussion
General discussion, page-11834
-
- There are more pages in this discussion • 8,301 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)