candlestick, page-20

Gizard,

I understand your reasoning. But let me ask you, if you had acquired a large loss this financial year in sharemarket and you had a profit you could realise and you had two choices:

1. sell it after July 1 and move into the top tax bracket

OR

2. realise that profit to offset against losses before July 1 and pay some tax at a lower tax bracket tis financial year AND next financial year

Which would you choose? I have saved $20-$30K making decisions like this in the past just because of 1 day.

I know what you're saying and you are correct but you did question why anyone would sell before July 1 if they can carry their losses forward and I gave a reason.