CGT cut-off date implications for final amount due

[nest egg]

What happens if you sell assets between 1st and 14th December at a loss (i.e. before 15 Dec, when the CGT is due) which then reduces your bill for the year?

Are you obliged to pay the amount owed on any gains arising prior to the 30th Nov regardless, or can you already factor in the reduced amount, given that is what you will ultimately submit in your CG1 Form?

 

[Coconut Water]

Yeah, you pay what you owe for the year until Dec 1, and then claim back for the losses which occur in the same year, they will (eventually) refund you.