tax return on tim, page-2

Hi stephw83

Refer this link to the ato regarding shares in administration

http://www.ato.gov.au/individuals/content.asp?doc=/content/36711.htm

Here is the link to the relevant declaration by the Liquidators of Timbercorp:

http://www.delisted.com.au/upload/Timbercorp.pdf

Example

Liquidator's declaration that shares are worthless

The administrators of Pasminco Ltd made a written declaration on 31 March 2005 that they had reasonable grounds to believe that there was no likelihood that the shareholders of Pasminco would receive any distribution from their shares.

Hillary purchased shares in Pasminco Ltd in March 1998 for $1.70, including brokerage costs. Following the administrators declaration, Hillary chose to make capital losses equal to the reduced cost bases of her shares as at 31 March 2005. She claimed the capital losses in her 2005 tax return.

Hope that helps ...