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
$7.66 |
Change
0.060(0.79%) |
Mkt cap ! $2.955B | |||
| Open | High | Low | Value | Volume |
| $7.70 | $7.74 | $7.54 | $18.80M | 2.460M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2138 | $7.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.68 | 750 | 1 |
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| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| PDN (ASX) Chart |
