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|ASIC advises of an intention to deregister this company in two months from today's date.||30/10/2020|
ASIC advises of an intention to deregister this company in two months from today's date.
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|We understand this company was deregistered and ceased to exist as of today's date. Capital Gains Tax event C2 happens upon cancellation of shares in a company. If you were a shareholder in this company, it is therefore possible you have a capital loss on worthless shares, depending on when you acquired the shares, how they were held and the nature and amount of distributions, if any, made in the course of the winding up. It is also possible that any distribution you received (or is as yet unclaimed) is deemed to be a dividend. Also note that small business CGT concessions may be available.||30/12/2020|