RCR 8.08% 9.1¢ rincon resources limited

Ann: Appointment of Administrators, page-26

  1. 681 Posts.
    lightbulb Created with Sketch. 47
    I'm not a taxation or bankruptcy lawyer however my understanding is that you can only claim a tax loss once the company is officially wound up.

    You are still a shareholder and you have not sold your shares, therefore triggering a cgt event.

    Sorry to burst your bubble but unless you can find someone to buy your shares off you (and I'm not certain even of the legalities behind that) then it could take a year or two or more for the company to be wound up before you can claim that tax loss.

    Speak to your accountant.

    Best of luck to those that have taken a hit.
 
watchlist Created with Sketch. Add RCR (ASX) to my watchlist
(20min delay)
Last
9.1¢
Change
-0.008(8.08%)
Mkt cap ! $26.50M
Open High Low Value Volume
9.4¢ 9.4¢ 9.0¢ $318.7K 3.474M

Buyers (Bids)

No. Vol. Price($)
2 74944 9.1¢
 

Sellers (Offers)

Price($) Vol. No.
9.2¢ 50000 1
View Market Depth
Last trade - 16.10pm 25/07/2024 (20 minute delay) ?
RCR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.