RSG 3.36% $1.15 resolute mining limited

Capital Return and tax, page-2

  1. 22,359 Posts.
    it is a return of capital, as such, it is not treated as income at this stage, it simply reduces your cost base. eg if you bought rsg at 80c, and received the 10c capital return, then for all intents and purposes, your cost drops to 70c. when you sell your shares, then you use the difference between 70c, and your sale price, to determine your profit or loss. i would think, that if you were not a trader, and you held your shares for more than 12 months, then you would only be assessed on half the profit - so i suppose, with that scenario, 5c ends up being tax free

    rsg seems to be a bit of a dog, right now, but i am holding on - fo course, i may sell at any time, if the price is right

    happy punting
 
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$1.15
Change
-0.040(3.36%)
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$1.16 164642 7
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Last
$1.15
  Change
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