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it actually makes a big difference to roll it into cost base...

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Tarvold

18,021 Posts.

1195

19/04/21

14:44

Post #: 52567618
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Originally posted by Tarvold: ↑

That was my thinking but the ATO website above specifically states payments on conversion are not taxable as income but reduce the cost base of the shares.

The convertibles I hold have not paid any interest during the note term only now at the end on conversion are they paying it.

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it actually makes a big difference to roll it into cost base because
a) I don't have to pay on it this year
b) I get the 50% CGT discount on it after holding for over 365 days.
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