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ATO will disallow the loss if the sole intention of the sale was...

  1. Merchant2000
    20,467 Posts.
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    12/06/24
    11:16
    Post #: 74274969
    ATO will disallow the loss if the sole intention of the sale was to minimise tax

    @andybuck

    Sole purpose principle. Stand to be corrected Sole intention clearly means buying back

    Looking back through your posts - looks like some here are living rent free in your head

    Don't blame others for your losses
    Last edited by Merchant2000: 12/06/24
    MNB Price at posting: 5.6¢ Sentiment: Hold Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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