Malaga,
If you read the second part of my post and someone was trying to sell the options from a higher taxed environment to a lower taxed (e.g. tax free pension phase superannuation fund) ... selling the LOMOB at a lower price makes more sense, as it:
(a) reduces the potential capital gains ... and hence tax payable in the higher taxable environment;
(b) increases the potential capital gain in the tax free pension phase superannuation environment, which is not taxable!!
If what I suspect happened did happen ... as outlined above, t actually makes the person quite smart (as opposed t an idiot) as thy have reduced their overall potential tax liability ... had they been forced to sell the LOMOB options at a higher price.
Why then not sell he LOMOB at a lower price? Probably because they did not want to have a capital loss in their current taxable investment vehicle, which they could not offset against their income ... only future capital gains.
From a tax perspective, the suggested transactions makes sense and is beneficial ... if that was what happened.
or ... I could be wrong and they were an idiot that panicked! Either way or scenario does not impact us ... unless we were the buyer.
Zippy1
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4.0¢ |
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Mkt cap ! $11.60M |
Open | High | Low | Value | Volume |
3.6¢ | 4.0¢ | 3.6¢ | $2.679K | 67.19K |
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No. | Vol. | Price($) |
---|---|---|
1 | 250000 | 3.6¢ |
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Price($) | Vol. | No. |
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4.0¢ | 56526 | 1 |
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1 | 85000 | 0.034 |
1 | 210000 | 0.033 |
1 | 10000 | 0.032 |
1 | 50000 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 56526 | 1 |
0.046 | 150000 | 1 |
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