Just think of the logic.You buy on the IPO for a...

Just think of the logic.

You buy on the IPO for a long-term-hold

You buy none for 2 years - the IPO shares now attract the 50% discount.

You buy more last week and KTD doubles in value, (I know, I'm dreaming), You reckon it's a pump-dump so you sell today and make a substantial gain - attracting full CGT.

Or you reckon KTD's going down, (more likely), so you sell today but make a loss.

Was the shares you sold then new ones or the original shares from the IPO?

Depending on what you choose will determine your CGT liability.

Those trade confirmations you receive are very important - document everything - but they get cumbersome before too long.

If you haven't already, why not start a free a/c with sharesight.com - it will even do a tax report for you. (You have to enter all trades into your account but you won't have to do it again. It'll keep tabs on your portfolio and if you use one of the nominated trading acoounts you can also get them to send trade confirmations to your sharesight account and it will automatically enter the trades for you from now on by reading the PDFs. (I use Self Wealth and it's supported).