thanks mate. I thought wash trades were just aimed at pensioners skimming dividends from blue chip stocks - I.e. buy in period leading up to dividend and sell when it trades ex-dividend hoping that the capital value of the shares doesn’t wipe out the gain.
that it applies to “tax-loss” selling is Interesting, coz I reckon selling/buying shares around the financial year end//start to balance out capital losses/gains should be a legitimate strategy. It’s just a timing difference- the tax man doesn’t lose out as the capital base of the shares re-bought gets reset… or am I missing something?
thanks mate. I thought wash trades were just aimed at pensioners...
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Last
$1.69 |
Change
0.000(0.00%) |
Mkt cap ! $288.0M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.69 | $1.57 | $387.6K | 237.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 807 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 2376 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |