AVZ 0.00% 78.0¢ avz minerals limited

Chillaxed,Forgot to mention, as you correctly mentioned above,...

  1. 510 Posts.
    lightbulb Created with Sketch. 13
    Chillaxed,
    Forgot to mention, as you correctly mentioned above, conversion of option is not a capital gains tax event and no capital gain disclosure is required.
    TwistedChippys advice above is incorrect.
    AVZO option will only result in capital gain event, if:
    1) AVZO option is sold on before exercise date, that is, 24 May 2020, or;
    2) is not excrercised and expires on 24 May 2020 (no longer in the money or worth anything, deemed sale for $Nil). This case, will result in a capital g
    ains loss equivalent to the AVZO option purchase price.
    P.S. - I am an accountant.
    Kind regards,
    Zippy1
 
watchlist Created with Sketch. Add AVZ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.