Its almost tax time again and i am looking at my CGT position.I...

Its almost tax time again and i am looking at my CGT position.

I was of the opinion that we could not crystalise losses on ABS stock until, (or for those optministic amongst us 'IF'), the stock goes into liquidation.

However I happened across the website of a 'reputable' company that buys these 'worthless' parcels (I wont name the site here in case its against forum rules, but its well known and legit IMHO), and this webiste states the following for ABS on 22/4/09:

"All shareholders in A.B.C. Learning Centres should be aware that they can now crystallise their 2008/09 capital loss for tax purposes by simply entering the transaction online at our worthless shares facility."

The ASX site is down at the moment (all day Sunday), but has anyone seen an ABS announcement, or knows whether this is acceptable for such a suspended stock as ABS??

Ill have to ask my accountant about this shortly.