Hi guys. I've just had a read of the relevant ATO page but I just want to clarify.
If I've held the options for over a year and then convert to heads, it sounds as though that resets my purchase date and I'd have to wait another 12 months to get the CGT discount. Can anyone confirm? If this is the case, I'd be better selling my options now and claiming the discount, and then buying heads from there.
Any help would be appreciated. The section from the ATO below.
CGT discount on shares or units you acquired from exercising rights or options
You can only use the discount method to calculate your capital gain from an asset if you own it for at least 12 months. In working out any capital gain on shares or units you acquire when you exercise a right or option, the 12-month period applies from the date you acquire the shares or units (not the date you acquired the right or option).
KDR Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
