@WoodySpoonFor CGT this only applies to Investors. They have the...

@WoodySpoon

For CGT this only applies to Investors. They have the ability to claim a 50% discount if hold for 12 months.

Share traders and companies run on a P&L basis. They can claim expenses, and mark to market their stock, so for example if today was the end on the fin year FFX could be valued at around 11.7c by a share trader.

The company has a carrying value end Dec of $102m or 48.5c a ahare. End Dec 23 would likely be $106m - 50.5c a share.

As the company has losses to carry over i see no reason for tax to be paid and as they had net cash out flow of over $4m is 2023 they could well make a loss.

The thought of them selling the LLL shares and retaining the cash in the company makes me physically sick.

If someone wants to buy the shares as a job lot the beast outcome for shareholders is a straight out SOA.


in regards to your point on personal CGT obligations, I strongly suggest you get some good advice on this.

Each trade confirmation is a contract. You can choose which contract(s) you sell. But record keeping is really important.

If you use a share platforms Tax software then you would need to see what settings it is using. Could be FIFO or LIFO or possibly other settings.

If you use an accountant, you get what you pay for. A good accountant will do the hard yards to get the best outcome. Cheap and cheerful will take the easy option.

You can do it yourself aswell.


If you are like me and own LLL with CGT disc qualification you can sell these and then hold the escrow for 12 months if they don't come with rollover as an option.

IMO the sooner i have control of these assets the better, that includes around $130k in cash that is my share.

Not financial advice at all, DYOR and get your own advice.

See ATO with an example.

https://www.ato.gov.au/individuals-and-families/investments-and-assets/capital-gains-tax/shares-and-similar-investments/keeping-records-of-shares-and-units