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So, does that mean if someone bought options at, say 15c, and...

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Selvan

505 Posts.

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16/10/19

08:22

Post #: 40900693
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Originally posted by Chip343: ↑

If you make a loss or gain on options, the CGT event is triggered on exercising, expiry or sale.

To answer your question: yes you can claim a tax loss if you don't convert the options (answer 4 in below link).

Similarly, if you exercise the options, you can also claim the tax loss (or declare the gain) on conversion.

https://www.ato.gov.au/General/Capital-gains-tax/Shares,-units-and-similar-investments/Rights-and-options-to-acquire-shares-or-units/Work-out-the-correct-treatment-of-rights-or-options/

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So, does that mean if someone bought options at, say 15c, and the SP was 42c at conversion time, it would make more sense for the option holder not to convert and claim a tax loss on the 15c??

This would mean that the 15c option is currently worth around 5c as a tax loss write-off.

.

THC Price at posting: 40.5¢ Sentiment: Hold Disclosure: Held
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