investors can only make a claim for a capital loss once the receivers/administrators/liquidators are in a position to make a "Tax Loss Declaration" statement which indicates that shareholders are unlikely to receive any benefit from the company wind-up....
this process, for a small company, in which I was once invested took 12 years before all the legal settlements were finalised....
you won't be seeing any such statement from the AFG people for a very long time to come....
now, I'm no lawyer, but some reckon you can sell your 'dud' stock at firesale prices to realise an immediate capital loss - but I don't think that works because once the company's trading is halted under administration there can be 'no change of beneficial ownership' of those shares.... so you can't sell them to some dummy company to get an immediate tax loss either....
good luck...
capital loss, page-3
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Last
$1.66 |
Change
0.035(2.15%) |
Mkt cap ! $449.4M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.66 | $1.63 | $208.9K | 127.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5873 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 3386 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| AFG (ASX) Chart |