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Veebee22(Initiate)Initiate
14 May 2024

I once owned shares in Collection House (CLH). As of Oct 2022 they are a delisted company.

this is from [Removed by moderator]

On 19 October 2022, the 444GA Order was made by Justice Cheeseman in the Federal Court of Australia. The 444GA Order, among other things, grants leave to the Deed Administrators to transfer all shares in the Company from the current shareholders to Credit Corp (or its nominee). The Deed Administrators intend to immediately transfer all shares to Credit Corp (or its nominee). Upon transfer, and subject to the satisfaction of all other pre-conditions of the DOCA: the DOCA will be fully effectuated; CLH will no longer be subject to external administration; and CLH will be a wholly owned subsidiary of Credit Corp.

I was unaware until recently that in some cases a capital loss can be claimed on delisted shares. So, question is, am I still able to claim this at the end of the current financial year?

I tried to find out but I just couldn't pin down a clear answer

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468 views
6 replies

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Bruce4Tax(Taxicorn)Taxicorn
15 May 2024

Delisted shows:


the transfer of shares to Credit Corp for nil consideration effectively crystallises shareholder losses for CGT purposes

27/10/2022


So, you have a CGT disposal in 2023.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
15 May 2024

Delisted shows:


the transfer of shares to Credit Corp for nil consideration effectively crystallises shareholder losses for CGT purposes

27/10/2022


So, you have a CGT disposal in 2023.


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