Thank you for your good explanations.This is not a good news for...

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154 Posts.

29

03/08/23

15:36

Post #: 69140512
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Originally posted by camban: ↑

DYOR but my understanding is no. Not until a CGT event occurs, which is one of:

(a) the shareholder disposes of their shares (e.g. offmarket sale to delisted.com.au - which doesn’t appear to be buying yet - or to somebody else. This may be problematic as I understand the subregister is currently closed as I was attempting to change brokers just a few weeks ago - i.e. move this holding from one HIN in my own name to another HIN in my own name. This was not possible so I suspect processing of an offmarket transfer is also impossible while the subregistrer is closed); or

(b) the shares are cancelled when the company deregisters under the Corporations Act (this company has now been handed back to directors under a Deed of Company Arrangement by the Administrators, not deregistered, so the company & your shares still exist regardless of ASX no longer being the vehicle used to trade it); or

(c) The administrator or liquidator declares in writing that the shares are worthless (i.e. shareholders not likely to receive any further distributions). This has not (yet) occurred.

If none of these events occur prior to 30 June then we cannot claim a capital loss in our tax returns, and will only be able to when one of these events above has been triggered.

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Thank you for your good explanations.
This is not a good news for there holders.
Hopefully we will profit from other holding so we can claim for lost against profits .
Good luck for all.
all my opinion DYOR

holder:SO4,LTR,PNR,CHR,IR1

SO4 Price at posting: 31.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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Thank you for your good explanations.This is not a good news for...

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