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Hi flight, My understanding on capital returns is that they...

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    Hi flight,

    My understanding on capital returns is that they potentially could result in a capital gain but you need to compare against your cost base.

    E.g the return is 80 cents. If your cost base is 70 cents, you made 10 cents a share Capital gain. If like many your base cost is 400+ cents you definitely did not make a gain. Theoretically you made a loss but can't claim it as a loss. I think it just reduces the cost of your shares. Once you sell your shares you can realise your loss minus what was returned as that reducd the cost per share.

    I'm not an accountant either so please check with a professional regarding your specific circumstances.
 
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