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8,745 Posts.
2629
27/10/16
12:56
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The unfortunate fact is that when you sign the declaration you are solely responsible for your tax affairs despite receiving professional advice.
Your financial planner is an idiot and I would avoid utilizing their services anymore.
When you acquire and when you dispose of an asset there is the potential for a CGT event.
In this instance you disposed of your shares which are eligible for CGT and therefore must be declared.
The acquisition of your new shares is the beginning of a new timeline and not related to the previously held asset.
Look for publication NAT 4152
https://www.ato.gov.au/Tax-professionals/TP/Guide-to-capital-gains-tax-2016/
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