My understanding is this is not a wash sale, The ATO have two criteria
You will run foul of the Act if you answer yes to both the following questions:
1. Did you obtain a tax benefit from your activity - a benefit that would not have been available if you had not entered into it?
2. Would it be concluded that you entered into the scheme for the sole or dominant purpose of obtaining a tax benefit?
In both cases cases the answer for me is no. The 30 days is a US rule
https://www.reformedadviser.com.au/news/2015/10/28/tax-loss-harvesting-in-australia
This is not advice, just sharing my approach and research to the share buyback
George
My understanding is this is not a wash sale, The ATO have two...
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Last
$125.49 |
Change
0.180(0.14%) |
Mkt cap ! $210.0B | |||
| Open | High | Low | Value | Volume |
| $124.99 | $125.60 | $124.76 | $191.9M | 1.531M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1743 | $125.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $125.49 | 169 | 1 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$125.43 |
Change
0.180 ( 0.23 %) |
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| Open | High | Low | Volume | ||
| $124.93 | $125.59 | $124.76 | 209175 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| CBA (ASX) Chart |
