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ATO does not allow "wash sale" tax benefits.can't sell and...

  1. krugerrands
    418 Posts.
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    29/06/21
    20:05
    Post #: 54156227
    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
    Last edited by krugerrands: 29/06/21
    MYX Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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