So basically your friend is being assessed at mark to market. Therefore if he holds a stock that shows profit at end of FY he would incur a tax liability and be required to pay that tax to the ATO even though he has not sold that stock. ? The ATO does not allow one to switch regimes when it suits. Interesting.
So basically your friend is being assessed at mark to market....
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Last
$7.78 |
Change
0.120(1.57%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $7.63 | $7.85 | $7.59 | $24.38M | 3.144M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1636 | $7.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.78 | 13804 | 2 |
View Market Depth
| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
