That should make it all clear "gself". Thankyou for the link.
"Yachy", the questions to ask (at the risk of complicating matters) are - do you buy and sell shares as a company. Yes? Capital gains discount doen't apply. Are you regarded as a trader by ATO? Yes? Capital gains discount doesn't apply. If no to all the above then capital gains discount is 50% for individuals (and trusts) and 33.33% for super funds PROVIDED the stock has been held for 12 months or more. If held for less than 12 months, no discount.
This applies to stock purchased after 1 September 1999. Before then talk to your accountant.
Hope that puts this matter to bed.
Liked the rise in KZL today. Ready to press the button on the entitlement offer. Capital gains or not, glad to have sold ex entitlment in the 90's though.
KZL Price at posting:
74.5¢ Sentiment: None Disclosure: Not Held
