CGT is based on when you purchased the stock and NOT on when the stock changed name and NOT on when the share consolidation happened. On consolidation, you were not issued any extra shares, options or benefits. If an individual owned PKT/ADD for 13 months, then they would be entitled to a 50% discount on their marginal tax rate.
This is not tax advice, but it is my interpretation of the CGT tax provision.
However, don't sell now. Keep ADD a little longer. You should make more of a capital gain and then pay more CGT. That way both you and the ATO are happy.
Unfortunately most people who purchased PKT have made a loss and not a gain.
CGT is based on when you purchased the stock and NOT on when the...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.059M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 37045172 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 4089688 | 9 |
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