ATO does not allow "wash sale" tax benefits.
can't sell and rebuy the same asset for the sole purpose of making use of the tax loss.
I'm sure almost everyone does this so no idea how they ever hope to enforce it currently except when you are audited for whatever reason.
just FYI
TR 2008/1
MYX CHART, page-81
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Last
$4.71 |
Change
0.070(1.51%) |
Mkt cap ! $400.7M | |||
| Open | High | Low | Value | Volume |
| $4.67 | $4.75 | $4.62 | $953.1K | 203.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1236 | $4.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.72 | 620 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MYX (ASX) Chart |