Financial asset allotment without payment treated as nil cost of acquisition when issued on basis of holding another financial asset. Where holding a capital asset that qualifies as a financial asset entitles subscription to, or results in allotment of, additional financial assets ... Summary
Financial asset allotment without payment treated as nil cost of acquisition when issued on basis of holding another financial asset.
Where holding a capital asset that qualifies as a financial asset entitles subscription to, or results in allotment of, additional financial assets without payment, such events fall within the special proviso; and the cost of acquisition of a financial asset allotted without payment on the basis of holding another financial asset shall be taken to be nil for the assessee.
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