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Hi all,
Have not found a thread on this matter so assume it is handled simply for some.
When a Buy Back takes place you end up with a capital loss which is easily reflected in the accounts. The problem arises when you have to decrease that capital loss by artificially increasing the sale price by a value per share laid down by the ATO for the Buy Back.
Any ideas?
Colin
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Hi again,
Kept searching and found the thread under "Share" Buy back.
My apologies for being impatient.
Colin
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