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$1.57 silver lake resources limited

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Winter08

2,132 Posts.

67

09/01/17

14:47

Post #: 21768593
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Originally posted by boydie63 ↑

Again some kind soul will correct me if i am wrong but i believe you can sell any shares you like but they will have there own cost base for eg you bought some at 50c then some more at $1.00,those are your cost base prices you can't average at 75c. If the shares are now worth $1.10 you are making 60c each on the first lot and 10c each on the second lot.(no allowance has been allowed for holding for more than 12 months for capital gains concession).It is ALWAYS best to check with your accountant as when you go to put your tax return in, it is too late to move things around to suit your tax situation.(been there done that!)

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Thanks boydie - it's pretty much what I thought. Will speak to my accountant so we are on same page . Thanks for your time and thoughts

SLR Price at posting: 71.5¢ Sentiment: None Disclosure: Not Held
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