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LongPier

5,543 Posts.

36

29/06/18

17:33

Post #: 34046997
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Originally posted by HelloU ↑

contract date, as per bellenuit, not settlement.
start here https://www.ato.gov.au/general/capi...ts-and-keeping-records/timing-of-acquisition/

@LongPier ......was that just a made up scenario so you could get your head around it, or was it a real thing? Cos if that was not a wash sale (and then run the ato gauntlet) there is only one scenario that I can think of where this is a financial positive if the 'owner' remains the same tax entity....(and that one scenario is extremely complicated)......

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Thanks Bell and HelloU. I appreciate your responses. Was just shuffling some shares.
I sold a small parcel at cost after 8 months holding to help my cashflow. I then bought back today at same price. Hence the reset which isn't a problem as ill trade that share soon anyway. Cheers L.P..
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