And paragraph 4, finally thank you

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sunnydayz

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06/06/19

21:24

Post #: 38949169
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Originally posted by antistar ↑

I don’t know what sort of drugs are going around these forums but you can NOT depreciate paper assets ie equities. The company you own shares in can depreciate their physical assets but this doesn’t pass through to the shareholder in terms of personal tax.

IF you are classified as a Share Trader with the ATO - that is you make your living trading shares on full time basis (note: active trading with a certain number of trades in a given year, not investing) - then you may be able to use paper losses at the end of the fin year in some circumstances. But this is still far from ‘depreciation’! Refer to ATO site for details.

Back to the point of options - if you sell the options at a loss, it’s a tax loss. If you let them expire, it’s a tax loss. If you convert - it’s not a tax loss and the CGT discount clock starts from 0 again the minute you convert as you have technically entered a new contract in buying the heads.

You can buy oppies now (if you are crazy enough) for 0.001. However not long ago some would have spent 0.010 or more. So on a mil shares that would be $10k plus. So the choice would be ‘averaging up’ by converting at 0.2 or letting the $10k go, crystalising a loss and buying more heads of 0.15 instead. If we start trading closer to 2c before mid June then sure converting may make sense for some. If we surpass it then it’s a no brainer.

My 20c and none of it is advice etc

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And paragraph 4, finally thank you

BMG Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $5.470M

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And paragraph 4, finally thank you

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And paragraph 4, finally thank you

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