I have a similar query regarding the delisting.... specifically what does that ultimately mean regarding claiming the loss on your tax return.
If the company is delisted it is still effectively trading, its just that my shares are worth squat!! i.e loss is not crystalised
For this to occur, they have to go into admin or i sell to a solvency company.
If they carry on for say 3 years, and wind up in year three, does that mean that i realise the loss in year 3 and therefor claim the tax deduction in year 3.
any thoughts?
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babcock & brown limited
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