CGT question

Discussion in 'Shares & Funds' started by mikey7, 30th Jul, 2019.

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  1. mikey7

    mikey7 Well-Known Member

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    Hi all,

    Hopefully a fairly simple question, to which I haven't managed to find the answer on the ATO website.

    Scenario:
    1 year ago I buy 200 units of Share A on the ASX through CommSec.
    Today, I buy another 200 units of Share A through Commsec.
    I now hold a total of 400 units of Share A.
    These shares DO NOT pay a dividend.

    Tomorrow, I sell 200 units of share A (for a profit).

    How do you determine WHICH unit of shares are being sold, for tax purposes?
    200 are possibly eligible for 50% CGT discount being held for a year, the other 200 aren't.

    I can't seem to find the answer for this.
    Thanks!
     
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    mikey7 and Terry_w like this.
  3. Marg4000

    Marg4000 Well-Known Member

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    ATO could considers it a wash sale?
    Marg
     
  4. Fargo

    Fargo Well-Known Member

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    The first shares bought are the first ones sold, unless you nominate which ones are sold.
     
  5. mikey7

    mikey7 Well-Known Member

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    Location:
    Sydney, Brisbane

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