Wilson,
Just a note of caution. I seem to recall that there are restrictions on claiming CGT losses on options. If you trade an option for a loss (i.e. buy it and then re-sell the option for less) you can claim the loss as a CGT offset. If on the other hand you allow an option to expire and you chose not to exercise it, I think you are not actually allowed to claim the loss.
I may be mistaken and of course given our self-assessment tax system it would probably only matter if you were audited, but I think it would be prudent for people to seek their own individual advice just to make sure they are fully aware of how the rules apply in their circumstances.
Cheers
Badfish
- Forums
- ASX - By Stock
- GDN
- goodbye not buy oppies
goodbye not buy oppies, page-9
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)