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CGT Cost Base Question, page-23

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Infose

4,056 Posts.

29

01/05/18

10:28

Post #: 32792443
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Originally posted by Infose ↑

As said before multiple times I am not a tax expert, nevertheless it looks like tome that the following is to apply":

The shares or units you acquired when you exercised the rights or options are subject to capital gains tax (CGT).

The acquisition date of the shares or units is the date you exercised the rights or options to acquire the shares or units.

The first element of the cost base and the reduced cost base of the shares or units is the sum of

the market value of the rights or options at the time you exercise them

the amount you pay for the shares or units when you exercise the rights or options

In other words, the value of the options at the exercise date is to be added to the cost of the shares.

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Whoops, wrong answer.

If you paid for the options then the value to be added to the cost of the sheres it will be the cost and not the the market value of the rights or options at the time you exercise them.

Anyway, to make it clear you should search the ATO web sight.
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