As I understand it, they are returning $0.0075 of your capital cost base. Since it's a return of your capital, it's effectively not taxable where a div (special or otherwise) is taxable at marginal rate less FC).
If you bought this for $0.05, after the capital return you need to adjust your cost base from $0.05 to $0.0425. Keep a copy of the announcement and let your accountant know when you eventually sell.
Implication is that if you sold this for $0.05 in 6 months you'll have a cap gain of $0.0075 to declare.
As I understand it, they are returning $0.0075 of your capital...
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Last
3.0¢ |
Change
-0.001(3.23%) |
Mkt cap ! $17.95M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.0¢ | $5.141K | 165K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 356000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 8341 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.1¢ | 3.1¢ | 14517 | ||
| Last updated 11.45am 03/05/2024 ? | |||||
| PHX (ASX) Chart |