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nippy

14,686 Posts.

889

09/06/24

19:23

Post #: 74238794
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Originally posted by Jagman350: ↑

To me it's $400. To a car yard mate of mine explains it like this. Buy or 800 , sell for 1000 profit = 200. Re-buy for 1100 had to borrow the extra 100 , sell for 1300 minus the 100 borrowed = 1200. So profit = 100 for a total of 300. That's how you get around the taxman.

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The ATO will happily fine you on that logic.....

Just saying.
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