Hi all.Very interesting thread. Nothing seems to be crystal...

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