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No it may create a capital gain depending on The tax ruling...

  1. JungleJim1
    384 Posts.
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    07/06/22
    13:33
    Post #: 61866959
    No it may create a capital gain depending on The tax ruling which will split the cost base of your FFX purchase price.
    the tax ruling might say according to FFX a split of 35% FFX and 65% LEO.

    so if you purchased 100,000 FFX shares at 95 cents = $95,000, this cost base may be split as
    FFX - $33,250 (35%)
    LEO- $61,750 (65%)

    PLEASE NOTE FFX is still waiting for Written confirmation from the ATO
    FFX Price at posting: 32.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch. 2  Great analysis
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