cap gains tax offset???, page-2

Rednoff
Though i am a C.A. I am not a tax acct so i give this as opinion rather than advice. I think the ATO are on the lookout for obvious tax ploys such as selling on Jun 30 for loss and purchasing same stock on 1 July. There is in my opinion nothing wrong with selling a stock during the year and repurchasing the same stock 'shortly' after. If you sell and the price goes down you buy again I would think your 'intent' is to purchase a share at a better price. If you buy at a slightly higer price or unchanged price the price fall didnt eventuate and theres nothing wrong with having a change of heart or opinion and wanting that share again. Any tax losses or gains would be, of course, incidental.