The kind of wash sale ATO doesn't like is a sale that is made solely for the purpose of minimising/avoiding tax. Buying the asset back straight after selling for a loss, at virtually the same price, suggests you are not genuinely disposing of the asset (in the ATO's eyes).
I don't think short term traders typically accumulate capital losses significant enough, over a long enough period, to have major tax implication or to stand out as an obvious attempt to avoid tax. But I don't pretend to know the in's and out's of tax law...
Chart Update, page-25115
-
- There are more pages in this discussion • 146 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.01 |
Change
0.290(4.32%) |
Mkt cap ! $5.067B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $7.12 | $6.81 | $26.19M | 3.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $7.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 28521 | 7 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |