A solution to your problem would be to sell part of your holding & buy back in at a lower level & instruct your accountant not to do a first in, first out adjustment to your holdings, when doing your tax return, but do a last in, first out which minimises your tax. I presume your last purchase was at the highest price paid. You then are up for tax only on the difference between the highest price paid & your sale price.
You then should scan your portfolio for that stock you have been holding for years, in a loss situation, that you wish you had never bought. Sell that stock at a capital loss & it will offset the capital gain on CBA.
In future years, if you have a stock with a sizeable capital loss, sell it in the same year as you sell more CBA shares. you can always buy CBA back at a later time. This would minimise your tax that would be paid when your CBA shares were eventually sold.
I hope that helps.
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A solution to your problem would be to sell part of your holding...
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Last
$133.14 |
Change
1.460(1.11%) |
Mkt cap ! $222.8B |
Open | High | Low | Value | Volume |
$132.59 | $133.31 | $132.10 | $177.3M | 1.333M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51 | $132.97 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$133.15 | 553 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51 | 132.970 |
1 | 602 | 132.840 |
2 | 2114 | 132.810 |
1 | 169 | 132.800 |
1 | 2114 | 132.730 |
Price($) | Vol. | No. |
---|---|---|
133.150 | 553 | 2 |
133.180 | 7 | 1 |
133.200 | 80 | 1 |
133.220 | 2144 | 2 |
133.250 | 778 | 2 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
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