you said: "For example my portfolio purchase price doubled over the year but I disclosed trade stock at market value because i was sitting on large unrealised losses at the eofy."
my answer: yes, by valuing your closing stock at market price, you crystallized or realised your unrealised losses
this is generally the right thing to do because (generally) if you have made unrealised losses then you (generally) won't have much cash to spare and you (generally) want to maximize your cash holdings for your business
also, if you have a job as an employee, you can get a maximum refund of your PAYGW tax withheld
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if you recoup those unrealized losses next financial year and sell those shares next financial year then you can pay the tax next financial year when you have sufficient cash to do so
if you have any issues with your tax, just email me at [email protected]
i have helped a few HC members with their tax get a very good outcome (for free)
