Hello,
If I buy shares in a company every month (as an after tax deduction from my salary), how do I calculate the cost base?
I assume something like, use the market value (opening or closing value?) of the shares on that day and convert using the exchange rate for that day.
Questions:
- I assume the daily exchange rate is more appropriate rather than a monthly average, and that even though I purchase every month, I probably can't then use the yearly average?
- Instead of using the market value of the shares and converting using exchange rates, can I instead just use the actual amount spent in AUD as indicated on my payslip as the cost base?
Thank you!
193 views
193 views2 replies
2 replies
193 views
2 replies