Timbercorp RPS

The Timbercorp administration and liquidation has finally moved another step closer to conclusion. The Timbercorp Reset Preference shares (ASX code TIMPB) were deemed worthless by the liquidator as at 28 June 2012. As expected, there was no payment but at least preference shareholders can now claim a tax loss in the 2011/12 financial year, to offset gains elsewhere that year or in the future. If you’ve already completed your tax return, you can choose to make an amendment to your return or hold off until next year. The ordinary shares (ASX code TIM) were deemed worthless on 24 June...

The Timbercorp administration and liquidation has finally moved another step closer to conclusion. The Timbercorp Reset Preference shares (ASX code TIMPB) were deemed worthless by the liquidator as at 28 June 2012. As expected, there was no payment but at least preference shareholders can now claim a tax loss in the 2011/12 financial year, to offset gains elsewhere that year or in the future. If you’ve already completed your tax return, you can choose to make an amendment to your return or hold off until next year.

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