Rick advises you that he sold the following assets during the 2019 income year: (a) As previously…
Rick advises you that he sold the following assets during the 2019 income year: (a) As previously indicated, Rick owns a number of Australian shares. On 17 September 2018, he purchased 100,000 Cardinal Resources Ltd shares under a contract of purchase for $4,200. Brokerage costs separately incurred on the same date came to $40. Later on 9 June 2019, Rick sold 60,000 of these shares for $3,240. Rick also paid brokerage fees of $20 in relation to the sale on this date. These shares were a non-active asset. Rick did not receive any dividends from these shares during the period of ownership.
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