Can Bullion gains be offset against share losses?

[ASFASF]

Can bullion gains be offset against share losses?

For tax purposes if I purchased and then sold gold bullion at a profit can I offset those losses for CGT against losses on shares or is there a tight matching principle preventing it?

Thanks

Rod

 

[pixel]

If you can prove - or at least offer credible evidence - that you bought the bullion as an investment along the same lines as you bought shares, there should be no problem. The easiest would be to trade shares and bullion from the same bank account, which should be separate from your day-to-day household a/c. For example a Family Trust or simply a bank account marked "Joe Blow <Family Investment a/c>" should suffice.
Ask your Accountant to be sure.

 

[ASFASF]

If you can prove - or at least offer credible evidence - that you bought the bullion as an investment along the same lines as you bought shares, there should be no problem. The easiest would be to trade shares and bullion from the same bank account, which should be separate from your day-to-day household a/c. For example a Family Trust or simply a bank account marked "Joe Blow <Family Investment a/c>" should suffice.
Ask your Accountant to be sure.

Thanks Pixel!