no it’s not, as everyone’s tax circumstances are different.
think about it as though you had sold the shares on the market and these are the proceeds. It’s basically what you have done, just not paid any brokerage.
so it gets treated in the same way. You take the purchase price off (and any claimable costs such as brokerage and gst), and then the balance is either a tax loss to be claimed against any capital gains, or it’s a capital gain on which you pay tax.
TNT Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
