G'day guys,
I have a tax question.
If one buys options in a company in October for, say, 30c and then converts the options to shares the following April on the payment of 50c what is the base date for calculating the acquisition date?
This is important in considering when to sell the shares to gain the 50% capital gains tax exemption. You can assume the options were worth more than 30c when converted to shares and that the shares have gone up further since conversion but I don't think these issues are important in the base question.
Any takers?
Cheers and thanks in advance.
- Forums
- General
- Tax Question
Tax Question
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)