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No it's plucked because you have given no indication as to how...

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pjb63

224 Posts.

21

13/01/24

08:01

Post #: 71860448
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Originally posted by oze_wolverine: ↑

I plucked a number because it was an "example" with nice simple round numbers to keep it "simple".

The time this has taken to return the money to us is because a tax ruling was required to allow the company to return capital. This is portion is not considered profit by the tax office.

Capital return is a tax free portion, hence your cost base lowers by this amount.

You have been given an answer and if you are struggling with it get professional tax advice.

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No it's plucked because you have given no indication as to how you arrived at it - thanks anyway. If the capital return is tax free then that's part of what I am after. That still leaves what is the cost base for the remaining shares.

Last edited by pjb63: 13/01/24

DNK Price at posting: 8.8¢ Sentiment: Hold Disclosure: Held
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