headpretty standard year end tax planning - crystallise current...

head

pretty standard year end tax planning - crystallise current year losses to apply against other gains but if you like the stock then re-purchase (most likely at a lower base but then deal with it next year - investment decisions should overrule tax decisions)

remember the application of the losses though - gross gain less current yr losses less prior year losses and then apply the discount against any residual gain to give you the resultant net gain

only catch is you need to do this by 30 june (you cannot do it after the fact - even if treated as an off market transfer - you must deal on commercial terms eg shares T+3)

cheers

mk