Off Market, page-176

That is my question.. the problem is that the 'gain' was last year...so in my 22-23 tax return (due in may) it will say I sold the shares and made $450,000. (therefore owe a tax amount of $175,000). But the shares were brought back and remained suspended into the next financial year. If I offload the shares today for example....the 'loss' would be in the 23-24 tax year. My question is.... in May when the ATO send me a $175,000 invoice.... If I no longer own the shares, can I use the capital loss (from 23-24 financial year) to effectively offset or pay off the debt from my 22-23 tax year? I have spoke to literally 6 different departments at the ATO and nobody has any clue!! Referred me from the individual tax, then to someone at business, back to individual, then to a shares specialist, but the shares specialist says its actually capital gains I need to speak to and the capital gains think its the shares people! I have spent literally hours and hours trying to figure out how screwed I am or whether I can avoid this destroying my entire life