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They should send out new statements showing what you have and...

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kris12123123

277 Posts.

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25/02/24

18:47

Post #: 72585664
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Originally posted by horrie39: ↑

So, my concern, which I suspect could be shared by a few others, is, now that the value of each share has been reduced to 0.1 of a cent, and as a consequence I don’t have a marketable parcel, how do I realise my capital loss so that I can use the deduction against other capital gains. I certainly don’t feel inclined to tip in more to bring the value up to the marketable parcel threshold.
Also, I should add that it warms the heart that none of the folks covered by the remuneration report took any bonus shares, presumably so that the did not dilute the value of our existing holdings. Lithium ffs, what about nickel, or maybe thermal coal.

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They should send out new statements showing what you have and update your account also. Keep all paperwork and when you sell you will have proof for a capital loss. You would have to sell all for the loss to occur. It is up to ATO to prove you are not being truthful. if you keep all paperwork it should be fine

APC Price at posting: 0.4¢ Sentiment: Sell Disclosure: Held
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