Share consolidation and CGT

Discussion in 'Shares & Funds' started by James Bond, 20th Mar, 2020.

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  1. James Bond

    James Bond Well-Known Member

    Joined:
    24th Jun, 2015
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    Location:
    Melbourne
    A company I own shares in has performed a share consolidation action and I now own 48 less shares in it than I did.

    Is this an event that attracts CGT?
     
  2. The Falcon

    The Falcon Well-Known Member

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    24th Oct, 2010
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    Location:
    AU
    No. An event like a 2:1 consolidation is not a capital event.
     
    Terry_w likes this.
  3. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    18th Jun, 2015
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    Location:
    Sydney
    The costbase has not changed. The costbase per share did.