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0.3¢ victory mines limited

I suppose that would depend on the volatility of the stock....

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ura_bull

4,048 Posts.

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22/03/19

10:33

Post #: 37849655
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Originally posted by mbc ↑

Yep, that's not the ATO and not an official ruling.

2018/1 was the closest clarification and certainly does not dissuade from selling one day and buying back on a completely different day.

I would agree buying and selling at practically the same time or moments later, however the risk and uncertainty of doing so the next day is exceptionally unlikely to qualify.

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I suppose that would depend on the volatility of the stock.
Personally I like to avoid giving the ATO any reasons to come sniffing, but each to their own...

BTW an ATO alert covering almost exactly what you're talking about (I assume you've seen it but posted for other readers)

https://www.ato.gov.au/law/view/document?DocID=TPA/TA20087/NAT/ATO/00001

VIC Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
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