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.
Depends what his cost base was in the original entity. If lower...
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $168.0M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 35.0¢ | $82.07K | 224.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1918 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 39875 | 4 |
View Market Depth
| Last trade - 16.16pm 21/07/2025 (20 minute delay) ? |
| EGR (ASX) Chart |