AKK 0.00% 0.3¢ austin exploration limited

Anyone Else wish they had sold at 0.012??, page-66

  1. 6,312 Posts.
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    @orion123 I don't particularly want to get embroiled in the tax loss discussion with you and @Autosime, but I'm not sure you or your accounting firm are correct, unless I have misunderstood the nature of the losses being claimed.

    There is such a thing "loss trafficking" (who knew) and The Treasury of the Government of Australia has produced a report outlining rules that apply, particularly the COT (Continuity of Ownership Test). You may need to reconsider.

    Perhaps you might like to have a read.
    Tax Treatment of Losses

    FWIW.
    Last edited by cmonaussie: 04/07/16
 
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