LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

TME capital gains taxes on LSG takeover

[stockman6767]

TME capital gains taxes

Does a take over like this by LSG of TME make my current disposal of the TME shares (in exchange for the LSG shares) a taxable event for capital gains on the TME shares, or do we simply trasfer our "cost basis" for the TME shares to our new LSG shares and not pay any capital gains until we sell our LSG shares? Any accountants out there?

[bossu]

You just have to calculate the cost of your Temex shares and the number of LSG shares you will receive from the transaction and you will be taxed at the time you sell the LSG shares. Very easy situation an you d'ont have to be an accountant to make the calculation.

[windwalker4]

Your new shares of lsg are not taxable as a capital gain unless you sell at a profit.. which you would be nuts to do until lsg is valued at 3-4 $..soon....depending on your investing time frame..and investing account ...tax free, rrsp or regular trading account... hang on imhio Read more at https://www.stockhouse.com/companies/bullboard/v.tme/temex-resources-corp#UCbCqb1BsykCoL3F.99 lucky you.

[HopToad]

I have been through two or three takeovers and I did not recognize a capital gain. I treated the cost of the shares to be rolled over to become the cost of the shares of the acquirer...... That said, I understand that there may be an option to recognize a capital gain, instead. A person might do this to eat up capital losses..... Or a person may be in an unusually low tax bracket this year, and