Dont know if its completely bogus. The flaw in the CGT system is that you have to pay CGT on profit in the year it was made, and any losses that are unrealised dont net off the gain. So you could be $5k up on one hand and $5k down on the other, and have to pay CGT on the profit, so if you realise the loss pre june 30 you dont have to pay it. I also am not an adviser! just my understanding of what may drive selling of stocks underwater. you could go and rebuy it later but the tax office takes a dim view of that.
MBE Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
