The kind of wash sale ATO doesn't like is a sale that is made solely for the purpose of minimising/avoiding tax. Buying the asset back straight after selling for a loss, at virtually the same price, suggests you are not genuinely disposing of the asset (in the ATO's eyes).
I don't think short term traders typically accumulate capital losses significant enough, over a long enough period, to have major tax implication or to stand out as an obvious attempt to avoid tax. But I don't pretend to know the in's and out's of tax law...
The kind of wash sale ATO doesn't like is a sale that is made...
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Last
$8.11 |
Change
0.080(1.00%) |
Mkt cap ! $5.871B | |||
| Open | High | Low | Value | Volume |
| $8.08 | $8.37 | $7.99 | $36.14M | 4.435M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12000 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.13 | 2835 | 4 |
View Market Depth
| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| A2M (ASX) Chart |