IMHO, You cannot claim a tax loss until you will receive a notification from either the liquidator or receiver manager. Or at least a public notice has been issued to the market and possibly agreed to by the ATO.
The former is the one that I would rely upon myself though.
Reason being that no one will know if and when some money will be paid back to the investors by the Receiver Manager or the liquidator. As such nothing will be allowed until the final numbers have been crunched and the liquidator will decide if we are going to get some cents back or nothing at all. His release of advise and information, will be final.
If we are going to get some cents in the dollar back, we will be able to claim the difference between our base cost and what we receive, if we get nothing we will be able to claim all of our costs.
I hope this will help but, Dyor!
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Held
