Just got off the phone to the tax man.
The ruling basicly applies to people that make a deliberate sale to book a loss and then buy the asset back with intention to hold.
This does not apply to me because I buy and sell every day to make a living, and my original intention was not to sell for a tax loss, but to protect part of my capital.
Worth knowing for future reference lads.
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Just got off the phone to the tax man.The ruling basicly applies...
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