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

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    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?
     
    James Bond, 20th Mar, 2020
    #1
  2. The Falcon

    The Falcon Well-Known Member

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    No. An event like a 2:1 consolidation is not a capital event.
     
    The Falcon, 20th Mar, 2020
    #2
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  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    The costbase has not changed. The costbase per share did.
     
    Paul@PAS, 20th Mar, 2020
    #3
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