Wow....Wash sale. You cant book a capital loss on that transaction.
To book your capital loss you need to prove that fundamentally something changed from the reason you sold the asset to buying again and the reason for the sell-buy was not solely for the purpose to get a capital loss. You won't be able to justify that one as time between transactions is not on your side and nothing changed with the company. (and more importantly you just said the reason was actually just to book a capital loss)
I believe all you have done is sucessfully restart your CGT timeline.
Also, on this comment... "In short, as long as you still hold the asset, regardless of value, you have no tax credits or liabilities."....this is not necessarily true.
It all depends on ATO ruling in this case. If ATO says no rollover relief is available then everyone holding the asset will be subject to a tax event....despite 'holding the asset".
SPT Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
