re: Ann: Daily share buy-back notice - Append... Hollyw00d, Tax is on declared profits. Stock is valued at cost. You profit when you sell the stock and make a profit from it. That's when the tax is due. If you borrow money and buy shares with it, you dont pay tax on that. In fact you get a deduction from the interest. Here is what the ATO says on buybacks: "Share buy backs are tax-neutral in that no assessable gain or deductible tax loss arises as a result of the buy back."
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- Ann: Daily share buy-back notice - Appendix 3E
Ann: Daily share buy-back notice - Appendix 3E , page-60
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3 | 379580 | 0.635 |
9 | 261008 | 0.630 |
9 | 619580 | 0.625 |
8 | 569755 | 0.620 |
Price($) | Vol. | No. |
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