GAL Megathread, page-93

A few things in play on the last day of the year.
Buy today and you cant sell next FY and get CGT discount. (you must sell on the day after the anniversary).
Sell today and you can offset a loss against current CGT, but there is likely to be a rerate even starting tomorrow.

Remember too that if you are offsetting against a discounted tax gain you only get the benefit of half of the loss you crystalise.
Also if we sell GAL to make a tax loss, we can't buy GAL back or ATO will deny us the tax loss. (They say 'tax avoidance scheme')

So IMO most players who have tax plans will have already put them through.

Also, if the commodities bull starts again in earnest, which is my view, a bit of tax will be the least of our concerns.

Just my opinion, DYOR.

GL and stay warm.