Can you please clarify what you mean by marking down trade stock?
I know I can choose to disclose purchase or market value of trade stock but do I not have to stick to one or the other year to year or can I just choose which one compliments my tax position the best.
For example my portfolio purchase price doubled over the year but I disclosed trade stock at market value because i was sitting on large unrealised losses at the eofy.
Apologies if this is a silly question Im just trying to get my head around this so i dont shoot myself in the foot!
