Capital loss on expired options

[Carey]

I have some call options which are due to expire at the end of the month. Currently they are out of the money and I won't exercise them. They are currently only worth about $100 and I don't think comsec allows such a small value trade.Just wondering how this is treated for tax purposes. Can I still claim a capital loss when I haven't technically sold the options? Any advice would be greatly appreciated

 

[wayneL]

I don't think comsec allows such a small value trade.

You should be able to close a trade, even if under the minimum value, otherwise change brokers FAST.

Can I still claim a capital loss when I haven't technically sold the options? Any advice would be greatly appreciated

Yes.

 

[Carey]

Ok thanks heaps Wayne.