BNBG would be capital assets and you may be able to get the 50% CGT discount if you ultimately sell it for a gain.
However, this depends on whether:
- You otherwise carry on business as a share trader of some sort
- You bought the asset for the sole purpose of selling it later for a profit
- You bought the asset as an investment
The second item seems most likely, in which case it's a "revenue" gain and fully taxable, and any loss is fully deductible against your other income.
That said you could reasonably run the argument that the notes were capital assets and claim the 50% discount (assuming you're not carrying on business as a share trader). If you did this any loss would be a capital loss and could only be offset against capital gains (not any other income).
As always, you should see an accountant for advice related to your specific circumstances.
BNB
babcock & brown limited
