I'm pretty sure you are correct as I've done something similar with property, and had to pay CGT for the benefit. Also agree with your positive sentiments above as it also shows an expectation of future increase in valuation. If he expects future growth in the SP, he would be paying a larger CGT for the benefit of transferring these shares if done at a later date. Likewise, if he thought the SP was to fall in the future, he'd delay this transfer so as to lower his future CGT obligations.
Ann: Change of Director's Interest Notice - Paul Payne, page-14
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Mkt cap ! $74.25M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 903240 | 6 |
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| DRE (ASX) Chart |