Investor Enquiries on Capital Gains Tax Benefits
Sydney, May 22, 2015 AEST (ABN Newswire) - Strategic Elements Ltd (
ASX:SOR) has received a large number of enquiries from new investors and shareholders on the tax benefits they receive under the Pooled Development Fund program.
Specifically, most enquiries relate to whether the shareholder receives the capital gains tax free benefit on selling listed shares in SOR or whether the Company has this benefit on its investments.
The Company is very pleased to confirm that it is in fact the shareholder who potentially pays no capital gains tax on the profit made from selling their listed SOR shares.
This is irrespective of the size of the potential gain.
The Company's website contains more information on the Pooled Development Fund program and investors and shareholders are encouraged to visit website.
Memory Technology Presentation
A presentation on the revolutionary memory technology has been uploaded to the Company's website and to the ASX announcement platform.
About Strategic Elements Ltd
Strategic Elements (ASX:SOR) shares are listed on the Australian Stock Exchange under the code “SOR”. The Company is registered under the Pooled Development Program run by the Australian Federal Government to encourage investment into SME’s. To assist Pooled Development Fund’s to invest and raise capital, the Federal Government enables most shareholders in a Pooled Development Fund to make capital gains and receive dividends tax-free.
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