Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

Ann: Change of Director's Interest Notice x 2, page-111

First 111 Last

Share
Profile

Follow
LargusAverta

985 Posts.

171

15/09/17

18:10

Post #: 27254127
Share

Originally posted by Cosmoterios ↑

You don't pay your individual tax in September or October or November 2017 - especially if you got a tax agent representing you.

Via tax agents you can delay the lodgement and payment of your 2017 income tax til March to May 2018.

Makes absolutely no sense to sell now, in order to save to pay tax in March to May 2018 - more than 6 months away.

The only thing that would make sense would be his 2016 income tax where he owe money and had not paid the ATO, which would have been due in March to May 2017.

But you can easily sort that out via a bank loan or make arrangements to pay by instalments.

Its not like the ATO knocking down your doors to get their money.

So the question is why sell now when more results are due next week?!?

Expand

If he knew he was going to be put on the board of a different company, maybe he wanted to free up some capital to invest?

It all depends on the blackout. 15c suggests it was arranged in writing at least sometime ago, as it hasn't pipped that for a couple of weeks.

AVZ Price at posting: 12.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

MIN

Ellison slapped with $20M sanction from MinRes but will stay on as leader – for now

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 566 more messages in this thread...

First 111 Last

Add AVZ (ASX) to my watchlist