Dont take my word for it as I am not a financial person but in previous capital returns I have recieved what happens is the company needs to get approval from the ATO that no tax needs to be paid on the capital return.
After approval I believe usually your cost basis needs to be reduced by the capital return amount. example: average entry price in MYX is 20c when you go to sell your shares your average cost basis becomes 20c-3.8c so your cost of shares becomes 16.2c so if you sell for a profit you will be paying some tax on that 3.8c CR.
Happy to be corrected?
Ann: MYX completes TherapeuticsMD product licensing transaction, page-24
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Last
$5.00 |
Change
0.080(1.63%) |
Mkt cap ! $406.2M | |||
| Open | High | Low | Value | Volume |
| $4.93 | $5.10 | $4.93 | $3.062M | 610.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 67102 | $5.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.05 | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| MYX (ASX) Chart |