just wondering if anyone uses the LIFO method for CGT and profit/loss
I have never let my holdings of ABC company go below 50,000 shares since the 1st of July 2017.
In addition to those shares in the same account I have bought and sold about 1 million shares for a profit that gets me into the 1st tax bracket.
Using FIFO I have a gain of 150% on the LT 50k shares for FY 2017/2018
Using LIFO I have an unrealized gain of LT 150% on the 50k shares for FY 2017/2018