Where an asset is sold and then bought back to crystallise a CGT Event the ATO seeks to apply Part IVA. But there are more fundamental issues where fungibles are involved in trusts, as seen in the discussions in White v Shortall.

 Led by Dr Campbell Rankine

 Required reading:

TR 2008/1 Income tax: application of Part IVA of the Income Tax Assessment Act 1936 to ‘wash sale’ arrangement tr2008-001.pdf (ato.gov.au)

Commsec Trading Terms and Conditions sharetradingtermsandconditions.pdf (commsec.com.au)

White v Shortall (2006) 68 NSWLR 650  https://jade.io/article/3581