Hi to all, I have some NCM shares from when they tookover Lihir Gold! I am thinking of selling them all but I wont have held the shares for a year until Sept 2011. What are the capital gains implications? are the shares recognised from when I bought LHG some years ago or from when the takeover happened. Hope someone can help and I understand it will be advise only! Gareth
Shares from takeover and capital gains if sold
- Thread starter Gareth
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Google is wonderful 
This is the ATO ruling -
http://law.ato.gov.au/atolaw/view.htm?docid="CLR/CR201063/NAT/ATO/00001"
from part 28
or ask your tax agent
This is the ATO ruling -
http://law.ato.gov.au/atolaw/view.htm?docid="CLR/CR201063/NAT/ATO/00001"
from part 28
or ask your tax agent
- Joined
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Hi Gareth,
Glad you received a good reply from Uncle Festivus. Good one Uncle!
But it was NOT advice, because we are not qualified to give advice.
burglar
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Thank you Uncle Festivus - I will read the ATO info and get my answer. and yes google is wonderful.
Thx burglar for pointing out my error
Gareth
No need for a banghead. Nor apology. You is in the beginners lounge to learn.
