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.
- Forums
- ASX - By Stock
- ZIP
- Zip boss frustrated by stock's valuation relative to Afterpay
Zip boss frustrated by stock's valuation relative to Afterpay, page-77
-
- There are more pages in this discussion • 148 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
Add ZIP (ASX) to my watchlist
|
|||||
Last
$2.01 |
Change
0.000(0.00%) |
Mkt cap ! $2.544B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 241 | $2.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.89 | 30000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 241 | 2.150 |
2 | 41215 | 2.110 |
3 | 15133 | 2.070 |
2 | 9017 | 2.060 |
1 | 300 | 2.030 |
Price($) | Vol. | No. |
---|---|---|
1.890 | 30000 | 2 |
1.900 | 37778 | 3 |
1.940 | 521 | 1 |
1.945 | 2500 | 1 |
1.950 | 21929 | 3 |
Last trade - 09.43am 02/08/2024 (20 minute delay) ? |
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
ZIP (ASX) Chart |
Day chart unavailable