ELE 0.00% 0.5¢ elmore ltd

when to buy, page-7

  1. 4,536 Posts.
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    I would be careful with repurchasing those shares in a short amount of time. Not sure if you've ever heard of wash sales? The ATO may disallow your loss if they're bought back in a short amount of time. I was under the impression that you had to wait a month but I can't find that info anywhere, but they do say a "short period" so I guess that's up to their discretion..

    https://hotcopper.com.au/data/attachments/3287/3287038-677625cf0a0588a7d0f98fd0986ed342.jpg

    https://www.ato.gov.au/law/view/document?docid=TXR/TR20081/NAT/ATO/00001

 
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