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Jazz6868

2,476 Posts.

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02/08/19

12:39

Post #: 39830433
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Originally posted by FreakMoney: ↑

Thank you very much for your prompt response.

We were paid cash and the companies were NTC, ZNT and MUA. These companies were acquired for share prices higher than I had bought each of them on the market.

Also what are the tax implications if I have incurred loss from the sale of shares in this financial year, however, I have noted earlier that I made profit from the acquisition of the aforementioned companies. Will I be taxed at 30% tax rate for holding them for less than 12 months even If have incurred loss from overall sale of shares in the last financial year.

Sorry for the novice questions.

Thank you in advance.

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Get an accountant. It will be heaper in the long run
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