share washing, page-7

Hi all.

Very interesting thread. Nothing seems to be crystal clear. It all gets down to intent. The ATO doesn't seem to have a time frame for the sale and repurchase, but they do seem to have the intent of cracking down on the practise.

Here are a few links that might help the discussion along.

http://law.ato.gov.au/atolaw/view.htm?DocID=TPA/TA20087/NAT/ATO/00001

http://www.argylelawyers.com.au/pdf_files/tax_pub/may_asset.pdf


http://www.smartcompany.com.au/tax/tread-carefully-with-share-loss-cgt-claims.html

http://www.hlb.com.au/News-and-Events/News-and-Articles/Melbourne/Transferring-Listed-Shares-to-Super.aspx


I think the smartest thing you can do is have a trading diary, this would demonstrate your strategy, and help with the analysis of such. It also would be a mighty good weapon in a court of law.

Good luck to us all.

favco