ATO has recently stated it will focus on "wash trades" ie sell...

  1. 531 Posts.
    ATO has recently stated it will focus on "wash trades" ie sell at loss then re-buy shortly there after ....I suggest you tread lightly ....and ask your accountant for advice ....ATO could reject the loss and apply penalties as they could potentially view it as tax evasion ...there has been a number of articles in the press recently

    Regards
 
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