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Given that there is no way to declare which shares you are...

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JelloB

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29/12/20

08:03

Post #: 49838003
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Originally posted by bellenuit: ↑

Each batch purchased is treated independently. So if you bought 100 on 1/12/2019 and 200 on 1/6/2020 and sold all 300, the 100 bought on 1/12/2019 qualifies for the discount, the other 200 don't.

If you were to sell just 80, it is up to you whether those sold came from the 1/12/2019 batch (thus qualifying for the discount) or from the 1/6/2020 batch (not qualifying). You could also deem that some came from the first batch and the rest from the other batch (say 20 from 1/12/2019 batch and 60 from the 1/6/2020 batch) if that if beneficial to you from a tax point of view. You will need to keep good records for such split transactions to show that was what you did and was not a retrospective change to defraud the ATO.

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Given that there is no way to declare which shares you are selling from a mixed batch I assume this is a self administered process. For example:
Buy 100 shares in Jan 2020
Buy 100 shares in June 2020
Sell 100 shares in Jan 2021
You can declare to the ATO that the sale was of shares associated with the first purchase, and therefore CGT discount applies. Ie there is no button on CommSec to select the shares you are selling.
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