It's considered a wash if the purpose of the transaction is to create a tax loss. In my unqualified view, it is arguable that the capital loss is incidental to the transaction rather than its primary purpose. As long as you don't have a history of arguing with the ATO over the capital impact of your transactions you should be okay.
But seriously, the only person whose answer your should take seriously on this question is a licenced taxation professional.
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.08M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $48.84K | 461.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 568654 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 604576 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 568654 | 0.105 |
40 | 1463594 | 0.100 |
1 | 15000 | 0.099 |
1 | 14120 | 0.097 |
1 | 45000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 604576 | 6 |
0.115 | 409483 | 7 |
0.120 | 142882 | 6 |
0.130 | 5737 | 1 |
0.145 | 4209 | 2 |
Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
11.0¢ |
  |
Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
11.0¢ | 11.0¢ | 10.5¢ | 33156 | ||
Last updated 15.59pm 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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