I was aware of this, but I am not really sure if it is actually enforceable.
Lets just say you are losing 500 K on one stock, and you gaining 500K on another, it would be very unreasonable to expect you to hold onto your losses but pay tax on your gains. (-As you in reality never made a profit,)
As for buying those losing shares back later, it's no different from trading shares, also there is no warranty that you make a profit on them later, but if you do, it would be taxable.
IMO of course.
Sell in May and go Away ! or not ? chart thread, page-325
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Last
$2.89 |
Change
-0.005(0.17%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.90 | $3.03 | $2.84 | $48.82M | 16.64M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 92920 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 88093 | 17 |
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| Last trade - 10.38am 24/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |