If our cost basis is the average price paid by MEL and we decide to sell the BYE shares after we have received them, then we will have a capital gain and will have to pay tax on MEL's entire gain.
If the script can be deemed a "return of capital" and our cost basis the market value of the script at the time we receive it, then tax would only be owed if it goes up from that point in time.
Does that make sense?
If our cost basis is the average price paid by MEL and we decide...
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0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.830M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2105211 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3778476 | 8 |
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