You may need to see a psychiatrist if you keeping 'hearing' things. Sounds very serious.
As for MMR, all gains are non-taxable and all losses are non-deductible.
This holds whether you are an investor or trader.
Best wishes
INCOME TAX ASSESSMENT ACT 1936
PART III - LIABILITY TO TAXATION
Division 10E - PDFs (pooled development funds)
Subdivision A - Shares in PDFs
SECTION 124ZN
124ZN EXEMPTION OF INCOME FROM SALE OF SHARES IN A PDF
Income derived by a taxpayer from selling shares in a company is exempt from income tax if the company is a PDF at the time of the sale.
SECTION 124ZO
124ZO SHARES IN A PDF ARE NOT TRADING STOCK
Shares in a PDF are not trading stock for the purposes of this Act.
http://law.ato.gov.au/atolaw/results.htm?rank=find&cat=ALL&criteria=AND~pdf~basic~exact&target=AA&style=java&recStart=1&PiT=99991231235958
- Forums
- ASX - By Stock
- MMR
- tax free status
tax free status, page-2
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMR (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.236M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MMR (ASX) Chart |
Day chart unavailable
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online