options - taxation, page-3

  1. 215 Posts.
    Thanks milesg

    I presume your reference to the 12 month discount relates to-

    Selling an asset like an option for more than 12 months entitles the holder to only declare 50% of the profit as assessable income in the year in which the sale takes place. (OK the words may be a little twisted ... I'm not an accountant).

    Thanks heaps for your comment.

 
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