Tax implications

 Hi readers 

So what a year 2021/22 has been.

ABR/5EA has matured and we liquidated our position of it. It was as I said before a wonderful ride, from 20-40cents to $3.35-$3.50. While many of you have banked the profits and have moved on the little leech in the background called the ATO will be looking at you.

You made 1000% percent return and yet the little maggot will be knocking on your door asking for there cut.

I’ve tried to secure you as much as possible with the 50% rebate on the stock holding over 50% on capital gains but you will still have to pay some tax. So for those of you who have bought new homes while others have bought cars, boats, jet skis or camper vans please be aware that the ARO will visit your paperwork.

I’m not a tax advisor so please talk to your tax account regarding your profits on the stock .

For those of you who haven’t sold you obviously know something I don’t and wish you well on the stock moving forward. 

As always use the above as an indicator to your own research.

I’m not a financial advisor I’m a financial astrology.

Seek professional advice on more on the above.