Sumawrestler,
The conversion of SRNOC options to shares is not a CGT event (I.e. CGT tax payable at that time) ... it is simple a change / conversion to SRN shares.
The CGT cost base of the SRN shares inherits the cost of purchasing the SRNOC options and the excercise price (namely $0.006). In other words SRN cost base is purchase price of SRNOC options and the $0.006 excercise price.
Problem is that if you sold SRNOC options now, you would get the 50% CGT concession / reduction (as you have held these for more than 6 months).
By converting the SRNOC options to SRN shares the purchase date is rest to the excercise date, and you will lose the 50% CGT Concession and have to hold SRN shares for 12 months after that date to be entitled to the 50% CGT concession again.
Please note: If you have CGT losses carried forward in your Income Tax Return that exceed the subsequent Capital Gains and SRNOC Capital Gains, the above loss of 50% CGT Concession is not relevant, as Amy Capital Gains are applied to utilise Capital Losses before and 50% CGT Concession is applied. 50% CGT Concession is only applied after all carried forward Capital Losses to date have been utilised.
GLTAH,
Zippy1
- Forums
- ASX - By Stock
- Options
Sumawrestler,The conversion of SRNOC options to shares is not a...
-
- There are more pages in this discussion • 133 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRN (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.91M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.6¢ | $960 | 160K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 12801170 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 2610310 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 12801170 | 0.005 |
12 | 13601088 | 0.004 |
6 | 6269009 | 0.003 |
6 | 8100000 | 0.002 |
6 | 7750000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 2610310 | 2 |
0.007 | 15649878 | 21 |
0.008 | 4279506 | 8 |
0.009 | 3242332 | 5 |
0.010 | 8071825 | 10 |
Last trade - 10.08am 19/08/2024 (20 minute delay) ? |
Featured News
SRN (ASX) Chart |