Bully doesn't post on here to much anymore so just in case. I'll try to help you with your fear a tad. But first and foremost this is the wrong place to be asking the question you're asking.
"the tax office would think that i've bought in at say $1.00 and sold it for $10"
No they won't all the tax office cares about if they Audit you, is if you have proof of the amount the total shares cost you, and how much you sold them for and the length of time they were held for plays a part in the amount of tax you pay,eg if you have held for 1 year or more you pay tax on only 50% of you profit if you have some for that parcel. The consolidation more that likely the ATO will know about, OZL is pretty well know to them by now. Your tax accountant should know what you do.
The ATO work on an honour system you will get back or pay what ever your Tax accountant puts down. they should only put down what you can easy prove just in case you get Audited.
All this is only to get you on some sort of track and my slim understanding of it all. please get all your proper advice from you tax accountant.
OZL Price at posting:
$12.46 Sentiment: LT Buy Disclosure: Not Held
