Are there any ATO rulings, that make an individual ineligible to receive a 50% CGT discount on a sold share holding, given the following scenario:
• I have owned shares in a company for 10 months - current holding in profit;
• I decide to lock in the profits (without triggering a tax event), by using an equivalently sized short CFD position;
• I hold the share position and short CFD position for the next 2 months - close all positions afterwards;
• Assuming, profit remained on the long side (owned shares position) and thus was held for over 12 months, I am eligible for a 50% CGT discount on the long side profit;
• The CFD short position profit is not eligible for a CGT discount - treated as normal CG event.
