ZIP 0.00% $1.41 zip co limited..

For people that have lost money, Capital Loss is also an asset,...

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    For people that have lost money, Capital Loss is also an asset, that can be banked for the future.

    A thing to look out for, if ZIP enters adminstration ZIP shares will be suspended for a very long time (over a year is very possible), until liquidated or debts are reorganised.

    Worst case senario,

    1. You have capital gains from selling some good bets but
    2. Can't sell shares with losses due to it being in suspension
    3. Have to pay Capital Gain Tax in cash rather than offsetting the difference. You are never getting it back from ATO
    Last edited by ipv6ready: 03/06/22
 
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