Hi all
Be very careful doing cross sales to crystalise a capital gain....
It can be a Part 4A tax avoidance scheme and may get you into trouble with the ATO in an audit!!!
I remember a Taxpayer Alert on 'wash sales' in April (linked below) and everyone considering such a strategy should take a VERY close read...
Some financial planners who refer work to us do this and we are not happy about it, nor are our clients when we show them the Taxpayer Alert!!
http://law.ato.gov.au/atolaw/view.htm?DocID=TPA/TA20087/NAT/ATO/00001
Cheers
Hevlet
Hi allBe very careful doing cross sales to crystalise a capital...
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