I bought shares for my son 7 yr old but the company is taken over/delisted . Received letter from administrator that impost of $ value is recorded & need to be included in tax return either as tax offset or capital loss. Not sure where to include under tax offset label. Any help would be appreciated. Thanks.
Hey @M.A.S!
To check the eligibilty for the Tax offset, check out 'How to claim the Tax offset'. The offset more relates to carrying forward the loss from previous years, which doesn't sound like this scenario. You would report the loss as a captial loss, in that section of the return.
Hey @M.A.S!
To check the eligibilty for the Tax offset, check out 'How to claim the Tax offset'. The offset more relates to carrying forward the loss from previous years, which doesn't sound like this scenario. You would report the loss as a captial loss, in that section of the return.
Thanks
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