Sorry I could not find an answer for this that explains simply. Someone may have asked this earlier
if I bought 1000 shares in 2016 of 88EO at $0.005 then converted to 88E by paying the $0.02 in 2018 then sold my 1000 shares in 2021 at 0.037
Then for tax purposes is my total cost price for this (1000 x $0.005 ) + ($0.02 x 1000) = (5 + 20) = $25
while my sell price is (1000 x $0.037) = $37.00 so I made a profit of $12 and then I would pay tax on this .
Is this right ?
*88EO and tax
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0.2¢ |
Change
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Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $10.87K | 5.421M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 75016937 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 603408764 | 231 |
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| 88E (ASX) Chart |