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Tax loss selling, how does it work?

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    Hi, that weekend I want to research how the tax loss selling in Australia works. What are the important bulletpoints to watch out?

    For now I hope to educate myself
    1. Does the tax year end at Dec 31
    2. Apart from Australia, where else is that a thing
    3. Must the selling be completed some time ahead of the completion of the tax year.

    If one of you has opinions on what else is important to research or if one of that points is not that big of a issue, your knowledge is highly appreciated. Thanks for all input in advance!
 
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