Holding an Option is still holding an Investment. If you are Trading your Options (Buying and Selling for a profit) then it applies the same as for normal Shares.
I can make assumptions, but overall I'm not sure how to calculate your profit for CGT if you convert your Options to Shares. I assume it is, but please don't quote me: Share Sale Price - (Option Conversion Price + Option Purchase Price) == Profit.
More likely, it'll be the Options will be calculated as a 100% loss, and the profit will be on (Sale Price - Conversion Price). It would work out the same anyhow.
Not sure on the 12 months mark and how that applies though, it may be 100% loss on the Options on conversion, and 12 months Shareholding starts from conversion date.
Any accountants around to verify?
Holding an Option is still holding an Investment. If you are...
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Last
6.5¢ |
Change
0.003(4.84%) |
Mkt cap ! $107.8M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.8¢ | 6.2¢ | $1.083M | 16.64M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 236923 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 824617 | 9 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
6.5¢ |
Change
0.003 ( 5.86 %) |
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| Open | High | Low | Volume | ||
| 6.3¢ | 6.8¢ | 6.3¢ | 8734002 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| LKE (ASX) Chart |