Tax question???, page-27

Put simply, if i had a $100k loss in a dog stock.... Its make good sense to hold onto it in the case of :

1. If I had a good income year and took in let's say $300k income that year, I'd look to realise my - $100k loss in the financial year.

Instead of:

2. If I had an average income year of $150k let's say.... the benefit realisation to dispose in the FY is far less.

The choice is urs, and the ATO gives u that choice. All other caveats to consider, 12mth CGT discount, value of money / depreciation per year, changed tax % laws.... DYOR as they say.

No point willing GXY to $1 if I have to sell in MAY next year as I'll be heavily taxed on all fronts, etc...