HZN 0.00% 20.0¢ horizon oil limited

Ann: Quarterly Activities Report, page-38

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    I thought that if one paid 10c for a share, then one paid no tax until 10c was returned as capital. Then then anything over the 10c returned as a capital return was taxed at the individual (marginal) tax rate in the the year it was received i.e. tax was not deferred until the asset was sold.
 
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