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Yeh, I wondered if I was being clear enough.Let me try again.
CGT on shares held over 12 months is taxed at marginal tax rate divided by 2 or it is indexed, take your pick.
CGT on shares held less than 12 months is taxed at marginal tax rate non-indexed.
Assume $2000 CG on shares ABC held 2 years and $2000 CG on shares XYZ held 2 months. Capital loss of $2000 on shares MNO held 6 months.
Offsetting the loss against XYZ means paying less tax than offsetting the loss against ABC.
The question is "Can I nominate to have the loss on MNO offset against the gain on XYZ?"
Feel free to correct any errors of interpretation I have made. This is probably a question for a CPA.
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