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bellenuit

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16/04/20

22:16

Post #: 44088790
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Originally posted by Headhunter ↑

The same tax rules that the ATO seek to apply to wash sales (Part IVA) will still apply to a scheme like this. Though I doubt the ATO would be too keen to go after a retiree with minimal taxable income..

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I have checked this out a few times before and have found nothing to say it is not allowed. I ran it past my accountant last week and he confirmed it is OK. The wash rules only apply to tax losses.

https://www.ato.gov.au/law/view/document?docid=TXR/TR20081/NAT/ATO/00001
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0 Great analysis

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