Not a lawyer but this is my thoughts on what might happen
The government uses computers to automatically check any capital losses claimed in june are re-purchased in July
Any matching transactions probably get flagged and increase the chances of the taxpayer to get audited
As to whether or not the government would perceive the sale of TTT shares to buy TTTR and subsequently execute TTTR as a wash sale I have no idea.
Shares were selling above 3c at one point and TTTRs were buyable at 0.003c which meant you could sell your current shares and grab a whole lot more in the placement without losing any money
Just be willing to defend the action if you are looking to claim it on tax
- Forums
- ASX - By Stock
- TTT
- Ann: Settlement of Institutional Entitlement Offer
Ann: Settlement of Institutional Entitlement Offer, page-19
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TTT (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $73.77M |
Open | High | Low | Value | Volume |
7.3¢ | 7.5¢ | 7.3¢ | $24.86K | 338.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 47939 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 51000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 47939 | 0.073 |
2 | 136995 | 0.072 |
4 | 80123 | 0.071 |
4 | 539388 | 0.070 |
1 | 14492 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 51000 | 3 |
0.075 | 5131 | 1 |
0.080 | 275000 | 2 |
0.084 | 50681 | 2 |
0.085 | 107050 | 2 |
Last trade - 14.25pm 28/06/2024 (20 minute delay) ? |
Featured News
TTT (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online