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
33.5¢ |
Change
-0.005(1.47%) |
Mkt cap ! $152.1M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.3¢ | 33.5¢ | $73.41K | 217.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4912 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 14560 | 1 |
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| Last trade - 14.18pm 23/07/2025 (20 minute delay) ? |
| EGR (ASX) Chart |