CGT event |
Time of event |
Capital gain |
Capital loss |
---|---|---|---|
G1 Capital payment for shares |
when the company pays a non-assessable amount |
payment less cost base of shares |
no capital loss |
G3 Liquidator declares shares worthless |
when the liquidator makes the declaration |
no capital gain |
shares' reduced cost base |
Shares
Last updated 3 March 2016
QC27527