Stocks and tax time chestnut

[Craton]

Speaking strictly about stocks.
With June/July being the end and start of the our financial years this usually sees stocks having a lot more action. I would guess that's in part due to Margin Lending exits and entries, profits/losses being taken, re-balancing etc so am wondering what the ASF members usually do at tax time.

Yes, I am well aware this depends on your individual needs, whether your are a trader, SMSF and the like. Looking for an overall trend on what strategy, if any, on how tax time is managed.
So, it is minimizing the tax burden or taking profits or something else?

If you think I should add another or more options to the never ending poll, please let me know.

 

[greggles]

Depends on the year. End of financial year is always a good opportunity to crystallise a loss if it will help to minimise tax.

 

[So_Cynical]

Im tax conscious at this time of year, but most of the portfolio is just left alone, i sold 2 losers last month, bought a new stock and topped up another this month, will sell down some bigger profits in the new tax year.

 

[HelloU]

Depends on the year. End of financial year is always a good opportunity to crystallise a loss if it will help to minimise tax.

lol, if I could be so bold to say that i think you mean.....
the consequence of the decision to sell that asset had the downstream effect of an adjustment to the resulting annual tax liability.