Disclaimer: As with all tax-related purposes, consult a suitably qualified tax advisor before doing anything that you're aren't 100% sure of. I can assure you that you won't find any such person on these forums!
Deliberate wash sales for the reason of a tax-loss is not accepted by the ATO as a valid tax offset for capital gains. However this is only the case if 1) you do it solely for tax purposes, 2) nothing has fundamentally changed in the investment that you re-purchase and 3) There is a "short" time between sell and buy.
What I was talking about above does not fall into this category as the (primary) reason for selling is that you expect the price to fall, hence selling, and then buying at a LOWER price is a good and sound investment move, not a tax-dodge.
This is only my take on it, but I may be wrong. DYOR
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Last
29.0¢ |
Change
-0.005(1.69%) |
Mkt cap ! $421.2M |
Open | High | Low | Value | Volume |
29.0¢ | 30.0¢ | 28.0¢ | $1.540M | 5.332M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 302190 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 50965 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 302190 | 0.285 |
29 | 811167 | 0.280 |
3 | 40468 | 0.275 |
7 | 82857 | 0.270 |
1 | 37547 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 50965 | 2 |
0.300 | 130761 | 5 |
0.305 | 100000 | 1 |
0.310 | 64482 | 2 |
0.315 | 32258 | 1 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
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