"Now the question is whether one holds on to their shares in the hope of something changing, or sell out in the meantime and redeploy the capital elsewhere."
My issue is i topped up in November/December last year, and will pay a few thousand extra CGT on those if i dont get the 12month CGT discount.
Trying to workout what date is used for disposal, is the day the money hits my account ?
Anyway while looking, i ran across this on ATO website.
"If your capital gains tax (CGT) asset is involuntarily disposed of (lost, destroyed or compulsorily acquired) and you receive compensation for it, you can roll over your CGT liability.
If you choose to roll over your CGT liability, you defer your liability to pay tax on any capital gain from the involuntary disposal of the asset."
https://www.ato.gov.au/Individuals/Capital-gains-tax/CGT-events/Involuntary-disposal-of-a-CGT-asset/
I think that means the same CGT tax applies, but if we choose not to sell we can delay paying CGT. (but im not a tax guy).
- Forums
- ASX - By Stock
- TGR
- Ann: Tassal enters into Scheme Implementation Deed with Cooke
Ann: Tassal enters into Scheme Implementation Deed with Cooke, page-54
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TGR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online