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."
Ann: Daily share buy-back notice - Appendix 3E , page-60
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Last
64.0¢ |
Change
-0.025(3.76%) |
Mkt cap ! $1.362B | |||
| Open | High | Low | Value | Volume |
| 64.5¢ | 65.5¢ | 63.5¢ | $4.301M | 6.682M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 102618 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.5¢ | 87030 | 9 |
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| RSG (ASX) Chart |