Do a simple search on Google if you are still doubtful.
There is even a 'wash sale rule' which disallows deductions for losses incurred with a share sale if the same share is rebought within 30 days. I believe this is for the US however the ATO has covered similar grounds.
Do not think that the Tax Office has not covered such a simple tactic like this.
I don't know exactly how many days the ATO requires for it to be a 'safe trade', your best bet is to obtain a private ruling.
If your taxation advisor is advising you to sell a share before year end and rebuy it as soon as it's the new financial year, I recommend you go to larger accounting firm to seek confirmation.
- Forums
- ASX - By Stock
- FAR
- far
far, page-51
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
49.8¢ |
Change
0.008(1.53%) |
Mkt cap ! $45.97M |
Open | High | Low | Value | Volume |
49.5¢ | 50.0¢ | 49.5¢ | $30.11K | 60.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 26546 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 16813 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 26546 | 0.495 |
3 | 191996 | 0.490 |
2 | 104597 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 16813 | 1 |
0.510 | 202895 | 4 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
Last trade - 15.43pm 05/09/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |