If you have a total of 200,000 shares: 100,000 purchased 1+ years ago and 100,000 only 4 months ago and you sell 100,000 of the stock, your accountant can pick whichever way is better for your taxation.
So if you have a big tax bill, he'll choose the 1+ year stock to get you the 50% CGT discount but if you're showing a loss for the year, he'll declare you sold the 4 month old stock. It's his/your choice. That's what mine did for me. Might be different for non-residents and make sure your accountant is a good one.
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