CeeGee, I suggest you request a private binding ruling with the ATO (or get your tax-agent to do it).  Sample application forms are on their website.  The ruling is binding on the ATO so you know when you lodge your appropriate tax return (eg if you need to offset any capital loss against any future capital gain), you have that private binding r…[Read more]

Benny, I suggest you request a private binding ruling with the ATO (or get your tax-agent to do it).  Sample application forms are on their website.  The ruling is binding on the ATO so you know when you lodge your appropriate tax return (eg if you need to offset any capital loss against any future capital gain), you have that private binding r…[Read more]