Just so I can understand this a little better. These massive S3XT cross trades are executed with no cash consideration, meaning that they are still owned by the same entity. Essentially, the shareholder is moving their holding between accounts. @trta you are suggesting they are moving the shares into a trust in order to minimise potential capital gains tax. I have questions ...
Say, for example, Joe Bloggs buys 1m shares at $10/share for a total cost of $10m. The shares go down in value to $1/share. Then, Joe Bloggs moves those shares into the Joe Bloggs Family Trust. My question is, does Joe get to realise a $9m loss on his personal taxes at the time of the transfer?
Chart, page-175
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Last
49.0¢ |
Change
0.005(1.03%) |
Mkt cap ! $44.21M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 49.0¢ | 45.0¢ | $5.612K | 12.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 1500 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| SRL (ASX) Chart |