Mitis / Stevedore,Check out the link below - there is an...

Mitis / Stevedore,

Check out the link below - there is an explanation at the end of the page (question 4 / answer 5) pertaining to claiming a capital loss on the expiry of options - I'm not an accountant so please don't take this as qualified advice but it seems to me you can claim the loss provided you paid for the options in the first place, didn't exercise or sell them and the expired worthless.

http://www.ato.gov.au/print.asp?doc=/content/36720.htm&page=3

Hope this helped...