Does anyone know the tax rules in relation to Off Market Transfer of shares.
I own Octaviar (OCV) and Agri Energy (AAE) shares but they are currently suspended and may both go into administration.
Does anyone know if I can transfer the shares via Off Market Transfer from my wifes name to my name and then claim a Capital Loss against gains for my wife.
I guess the main 2 questions are: Can I do a Off Market Transfer when both stocks are suspended.
If I can, what would the consideration price be. Can I sell them for $0-01cents per share or can I only sell them at the last traded price prior to going into suspension.
Regards and thanks for your advice.
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off market transfer between family members
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