tax question for options, page-10

your cost was .20 made up of .10 cost of options plus the .10 cost of conversion.........profit is .80 cents per share..........you are entitled to a discount of 50% for cgt purposes ******** unless they are spec stocks/miners who do not pay a dividend.......for which no capital gain relief is available.........
what I said about ignoring the profit at the time of conversion....ie jun 00.........there is not cgt at the time of the conversion....in your example you said the shares were mv of .50 ( at that time if cgt did apply you would have to pay cgt on the profit of .30)
cgt only applies when the shares were sold........or if the options were sold before conversion to shares.....
new law applicable since jun 02 ???? old law of paying cgt on the conversion date applied prior to jun 02
also........its 12 months plus 2 days........not allowed to count the day purchased of the day sold
****** watch for another thread to blow your minds about spec stocks and cgt
cheers