minizhu - can't remember the section of the tax act, but referring to babcok and brown and KPMG I think it was (administrators) in June 2009'ish, per their website they release an announcement basically delaring and allowing you access to the capital loss on the company's administration.
There's a chance this may happen this yr, the next, or god knows when but keep an eye out for each financial/tax year to make sure you record the capital loss at the right time when it's avialable. Nearly missed claiming capital losses on BNB but thankfully picked it up end of 2013.... thank god i argued well enough to get 09 itr's amended and bagged at least a grand + back, which i otherwise was oblivious to.
Of course this was only as we'd recorded capital gains in subsequent years in the original ITRs.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
