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6.4¢ invictus energy ltd

Sorry, what? Is that how it works?Granted I haven't looked into...

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Kegab

279 Posts.

146

27/04/24

11:01

Post #: 73535514
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Originally posted by barneydigs: ↑

Each share is independent. Buying new shares in the same account is not going to reset the timing of any cgt discount for existing shares. Also when you sell you can choose the ones you sell (done during tax return prep).

So if you have 10 shares that have the cgt discount and buy 5 more, you can sell that 5 in 3 months time and the cgt discount on the original 10 is still there. Or you can choose to sell 5 of the original 10 and apply the discount.

(I appreciate that is pretty much what you said)

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Sorry, what? Is that how it works?

Granted I haven't looked into it into much detail, but I always thought it worked like this:

I have 10 shares which ive held for 12 months and then buy an additional 5 today.

I sell 5 shares a week later - Those 5 will automatically have CGD applied to them as I have 10 in the kitty with CGD. And the remaining 10 will be half CGD half not

What I'm saying is, I didn't know you could pick and choose which shares you are selling? I'm guessing in light of what I'm understanding - The time you will "pick and choose" will be at tax time?

IVZ Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.4¢		Change 0.002(3.23%)		Mkt cap ! $90.74M

Open	High	Low	Value	Volume
6.4¢	6.5¢	6.0¢	$291.6K	4.577M

Buyers (Bids)

No.	Vol.	Price($)
5	282470	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	65023	3

View Market Depth

No.	Vol.	Price($)
5	282470	0.060
1	100000	0.059
1	8621	0.058
1	210000	0.057
4	366015	0.056

Price($)	Vol.	No.
0.065	65023	3
0.066	220000	3
0.067	229885	6
0.068	200000	1
0.069	79619	5

Last trade - 16.10pm 18/06/2024 (20 minute delay)

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