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Notes Online Home 2023 Tax Schools Day 1 ATO's 2023 danger areas for individuals
ATO’s attack on asset disposals that generate losses – ‘wash sales’
This section of the seminar notes examines ATO’s attack on asset disposals that generate losses – ‘wash sales’, including:
- Identifying what is a ‘wash sale’ arrangement
- Which ‘wash sales’ arrangements are likely to be attacked by the ATO under Part IVA?
- When can Part IVA apply to a wash sale arrangement?
- Examples of share disposals that are likely/unlikely to be subject to Part IVA
- What are the consequences of Part IVA applying to a wash sale arrangement?