Malaga,
If you read the second part of my post and someone was trying to sell the options from a higher taxed environment to a lower taxed (e.g. tax free pension phase superannuation fund) ... selling the LOMOB at a lower price makes more sense, as it:
(a) reduces the potential capital gains ... and hence tax payable in the higher taxable environment;
(b) increases the potential capital gain in the tax free pension phase superannuation environment, which is not taxable!!
If what I suspect happened did happen ... as outlined above, t actually makes the person quite smart (as opposed t an idiot) as thy have reduced their overall potential tax liability ... had they been forced to sell the LOMOB options at a higher price.
Why then not sell he LOMOB at a lower price? Probably because they did not want to have a capital loss in their current taxable investment vehicle, which they could not offset against their income ... only future capital gains.
From a tax perspective, the suggested transactions makes sense and is beneficial ... if that was what happened.
or ... I could be wrong and they were an idiot that panicked! Either way or scenario does not impact us ... unless we were the buyer.
Zippy1
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 83887 | 5.8¢ |
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Price($) | Vol. | No. |
---|---|---|
5.9¢ | 7494 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 83887 | 0.058 |
2 | 60000 | 0.057 |
1 | 20000 | 0.056 |
3 | 60200 | 0.055 |
1 | 56620 | 0.053 |
Price($) | Vol. | No. |
---|---|---|
0.059 | 7494 | 1 |
0.060 | 43797 | 2 |
0.061 | 18189 | 1 |
0.062 | 11428 | 1 |
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