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Yes, that's right. Cost base will be zero in this instance,...

  1. MTV
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    Yes, that's right. Cost base will be zero in this instance, except for your cost of sale (brokerage). So your proceeds from sale, nett of brokerage, will be your capital gain. If you held them for over a year before selling, you should be able to discount the capital gain - be sure to use the correct dates for date of acquisition and date of disposal.

    Here is the link to the relevant page on the ATO website (from where there are further links):
    https://www.ato.gov.au/Forms/Guide-to-capital-gains-tax-2022/?=redirected_CGTrightsandoptionstoacquiresharesorunits&anchor=Rights_or_options

    NB: The above post is opinion only and should not be construed as tax advice.
 
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