G'day all,
This is the first time that I have dabbled with some shares. Without me putting any effort into reading, can someone please answer a simple CGT question.
I bought some shares (A) which I have now held for over 12 months without a transaction.
I am now interested in selling a portion of the shares (A) and buying back a similar dollar amount (B) as part of a Share Purchase Plan. In theory, I will be selling at a higher price than I will be buying back and this will allow for the accumulation of more shares.
I am assuming that this portion of sold shares (A) will be subject to a 50% reduction, and (B) will be bought back with a new CGT event date.
My question is, if I decide to trade all of my newly acquired shares (B), and buy back again (C) at a lower share price but the same value, is it only this one parcel of shares that have reset their CGT date?
Another way of asking, do I get to choose which shares I sold, or are there any another considerations?
Sorry for confusing everyone. Cheers.
This is the first time that I have dabbled with some shares. Without me putting any effort into reading, can someone please answer a simple CGT question.
I bought some shares (A) which I have now held for over 12 months without a transaction.
I am now interested in selling a portion of the shares (A) and buying back a similar dollar amount (B) as part of a Share Purchase Plan. In theory, I will be selling at a higher price than I will be buying back and this will allow for the accumulation of more shares.
I am assuming that this portion of sold shares (A) will be subject to a 50% reduction, and (B) will be bought back with a new CGT event date.
My question is, if I decide to trade all of my newly acquired shares (B), and buy back again (C) at a lower share price but the same value, is it only this one parcel of shares that have reset their CGT date?
Another way of asking, do I get to choose which shares I sold, or are there any another considerations?
Sorry for confusing everyone. Cheers.