That's right!! You don't get taxed unless you sell and make profit or loss. Options has an end date, convert or lose it!!
That's why I don't like options, tried it and yuk, came off worse. Best to buy shares under oppies conversion rates. Cheaper than oppies.
Divvys already has tax deducted so no worries about paying taxes. if it's a 100% franked.
Luckily BPH will be over the 20c soon with approvals so won't lose out on conversions itself.
Ann: Application for quotation of securities - BPH, page-24
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