ZIP 6.59% $1.88 zip co limited..

Zip boss frustrated by stock's valuation relative to Afterpay, page-77

  1. 4,047 Posts.
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    yes, you are correct on cost/profit per unit. (see disclaimer below)

    it would be nice to sell a portion of shares to cover the initial investment and not pay tax to effectively kick tax obligations down the road onto the remaining parcel.
    as far as i know this cant be done.(maybe an account and more sophisticated investor can weigh in on this)
    It would create chaos with tax returns, claiming losses.



    most people use first in first out method so if you have brought in mutiple stages then some/all shares may receive cgt discount and some/all may not depending on holding time.

    some traders may trade specific parcels in and out which may not follow first in first out method but this requires more detailed account keeping to prove you tax obligations.

    personally i do my own tax returns so i keep it simple.

    disclaimer:
    im not an accountant and there may well be other methods regarding cgt events. you can always ask here to get some guidance but i highly recommend seeking a professional account service to ask about more detailed advise to you own circumstance.
 
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