SWM 0.00% 17.0¢ seven west media limited

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  1. Giz
    929 Posts.
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    It is in this situation that having 2 trading accounts maybe 1 in just your name and 1 in a joint account comes in handy.
    If you are sitting on a capital gain and paying tax at say 32.5% or higher then you could sell your shares at a loss and if you wanted to rebuy them you would use the other account to avoid a possible washing event.
    Just roughly, and I am no accountant 70K loss x 32% gives you an offset of about 22K.

    Just my opinion and not advise, everyone's situation is different.
    Last edited by Giz: 03/06/22
 
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