Taxation of interest on Convertible Notes, page-7

  1. Tarvold
    27,982 Posts.
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    20/04/21
    19:23
    Post #: 52602056
    I found the answer on this page.
    The convertible qualifies as a traditional security & therefore no gain is recognised on conversion & interest paid rolls over into the cost base.
    https://www.ato.gov.au/Forms/You-and-your-shares-2020/?page=24

    So that's good news
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