Depends what his cost base was in the original entity. If lower than transfer price then yes it would give rise to a CGT event and therefore he would have to declare this. I think in his SMSF it may be considered a non-concessional contribution but I could be wrong. Haven't practised tax for many years and forgotten most of the rules.
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Last
27.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $122.6M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 25.5¢ | $70.54K | 268.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3700 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 55382 | 2 |
View Market Depth
| Last trade - 15.37pm 01/07/2025 (20 minute delay) ? |
| EGR (ASX) Chart |