You held them 367 days
Claim it as having a capital gains discount,
If you get audited show that you had them for 367 days which is greater than one year.
You held them 367 days
Claim it as having a capital gains discount,
If you get audited show that you had them for 367 days which is greater than one year.
TH, I did suspect the Chinese government of having bugs in my software development department, but not you too!
Ah well, the cat is out of the bag, here is my until now secret spreadsheet especially designed for investors on the ASX who do not want to be subject to CGT.
I was going to sell it to Goldmans but they said "What's an ASX?"
The ATO does not count the day of aqusition or disposal as part of the holding period.
In determining whether you acquired the CGT asset at least 12 months before the CGT event, both the day of acquisition and the day of the CGT event are excluded.
Example
Sally acquired a CGT asset on 2 February 2008. If a CGT event happened in relation to that asset before 3 February 2009, she had owned it for less than 12 months.
If the CGT event happens on or after 3 February 2009, then she has owned the asset for more than 12 months.