GET YOUR OWN ADVICE - but previous rulings have been like this:
It is a CGT event.
Therefore if you paid less than the Capital Return for your shares - 3.8c (at this stage) - you will trigger a normal Capital Gain Event on those shares.
But if you paid more than the Capital Return (3.8c you reduce your cost base by that figure) i.e.
If you buy 100,000 shares today for 20c and receive the 3.8c Capital Return. ($3,800) you new Cost Base for MYX is 16.2c a share. (without considering the consolidation event)
So in the future if you sell for 20c you will trigger a Capital Gains event of 3.8c a share.
Definitely something to think about if you are getting in and out quickly trying only to snaffle the Special Div and Capital Return.
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Last
$3.95 |
Change
-0.040(1.00%) |
Mkt cap ! $336.0M |
Open | High | Low | Value | Volume |
$4.08 | $4.12 | $3.95 | $277.7K | 68.80K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 422 | $3.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.01 | 422 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 422 | 3.950 |
1 | 422 | 3.940 |
1 | 2400 | 3.930 |
1 | 129 | 3.920 |
1 | 129 | 3.910 |
Price($) | Vol. | No. |
---|---|---|
4.010 | 422 | 1 |
4.020 | 551 | 2 |
4.030 | 551 | 2 |
4.040 | 129 | 1 |
4.050 | 129 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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