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Thanks for that mate. Fee's still $150 but it'll save me much...

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27 Posts.

25/05/18

20:10

Post #: 33315763
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Originally posted by Paulc8166 ↑

Not BIG but I have sold to delisted before. I think you will find that they have authorization to operate as they do and that is why you can do off market transfers when a stock is suspended.

As long as BIG is on their list and apparently it is, Then you have to pay them $150(provided it hasn't increased recently) and fill out the appropriate transfer form supplied by them. I believe the CGT event occurs when you date this form just like any contract for sale it is the contract date that counts.

In any case transferring your shares to delisted will mean you have a total loss you can then place against any gains this year or any future years until they run out.

One important note though which some tend to miss, even if you do not have a gain in the year you make the loss you still declare the loss and carry it forward each year otherwise you cannot use it in later years.

oh and you can add the $150 fee to your loss as well.

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Thanks for that mate. Fee's still $150 but it'll save me much more in CGT. Will report back if there are any issues with the process.

BIG Price at posting: $2.22 Sentiment: Hold Disclosure: Held
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