RSG 3.76% 64.0¢ resolute mining limited

Ann: Daily share buy-back notice - Appendix 3E , page-71

  1. 2,943 Posts.
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    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."

    ----------------------------------------------------

    Gibberish.

    Im going to say this in the nicest way i can.

    You sir, have no idea.

    I dont even think you know what your argument is anymore.
 
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