MFS mfs limited

mfs relisting, page-10

  1. 14 Posts.
    Researcher100

    As stated by ETL, you have not disposed of any shares through a company only changing its name, and also if you are considered a trader you are entitled to value your "closing stock" i.e. shares held at 30 June as indicated by ETL...

    Although to be considered a trader you must comply with the guidelines at

    http://www.ato.gov.au/print.asp?doc=/content/21749.htm as stated in my post earlier

    If you do comply with those guidelines and are considered a trader, then the NCL (Non Commercial Loss) provisions need to be met to be able to offset your trading loss against other income...

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    commentary only.... seek professional tax advice that takes your situation into account.... even though i am a professional tax adviser you cannot depend on my comments as i dont know your whole situation.....

 
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