OK, here's the story. I bought some shares at around 90 cents, then this share went crazy for about 2 weeks due to some market manipulation and potentially innaccurate market announcements.
(Choccy frog to those who have now worked out it is AUM/CDU! )
So I bought some more of these shares at the higher price (around $5). The share price rose to $10 then kerpow - trading halt for days and days.
I have not held any of these shares for more than 12 months, but both lots were bought through a Company structure - CGT always 30%, and a Super Fund CGT 15% - 10% after 12 months.
So I decided I would sell some for, unfortunately, around $2.30. I was OS at the time and probably shouldnt even have checked the portfolio, but that pesky trading halt happened just before I left.
So I have either made a very large CG, or a large CL - depending on which parcel of shares I nominate to sell.
Am I better of realising the Gain, or crystallising the loss? Or, in reverse, see the value of my portfolio, esp Super Fund, increase if I sell for the loss!
My accountant thinks I trade too much anyway so wont even bother asking him the question! He probably doesnt even know you can know choose which parcel to sell