Just because the company has been delisted from the ASX does not necessarily mean that the shareholders can claim a capital loss in their tax return.
In order for the shareholders to claim a capital loss there must be a CGT event in relation to their shares. The following would trigger a CGT event for the shareholders:
- CGT event A1: The shareholder disposes of their shares;
- CGT event C2: The shares are cancelled when the company is deregistered under the Corporations Act;
or
- CGT event G3: The administrator or liquidator declares in writing that the shares are worthless (ie, shareholders not likely to receive any further distributions).
If none of these events occurred prior to 30 June then you would not be able to claim a capital loss in tax return. They would only be able to claim a loss when one of these events has been triggered.
CDC Price at posting:
6.6¢ Sentiment: None Disclosure: Held
