If you receive a payment from Class Action
Do you have to declare it as income???
Example 1 :- If you sold your affected shares for say $20,000 loss
& you receive $5,000 from claim, do you now have a $15,000 loss as tax offset,
or does it remain at $20,000 loss
Example 2 :- If you haven't sold the affected shares,
Is the $5,000 just added to your income for EOFY,
Or do you have to wait until you sell your shares,
And then work out if you have capital losses or gains ??
SGH Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held