Hi Saundo74,Shares are very different to property or art works -...

Hi Saundo74,

Shares are very different to property or art works - those later assets are unique and only 1 in existence (no fakes). Therefore a CGT event is pretty easy to determine.

With shares, you can't tell the different between 1,000 IMU shares you purchased in 2015 and another 1,000 purchased in 2019. Equally, the same principle applies for selling 1,000 IMU shares in 2020 or 2021. Therefore, IMO, you should be able to choose the CGT event that is most advantageous to you. My advice is to contact the ATO yourself and find out the answer. Hope you could share your findings with us.