interesting.
and here i was thinking that you're only liable to pay CGT on realised gains.
... in fact
That makes no sense.
The share price could go to 1 cent the next day. He'd be sitting on a loss, could sell at that point, at a loss and still he'd have to pay CGT on the price of the shares at the time he acquired them, let's say that 10cents for arguments sake... nah. Think somethings wrong there.
But I take your notion that there may be some sort of tax event.
edit: ah PAYG not CGT... maybe
4DS - Anything but Charting, page-5969
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