Anavex Life Sciences Corp (AVXL)

[Bourbon_on_my_cornflakes]

Options taxes IMHO

At the time the options are granted, there is no tax as the options are priced and granted based on the current stock price.

When the options are exercised with say a $4 strike price and a $24 stock price, you have a gain of $20 on the options, which is taxable at short term or ordinary income rates (virtually the same) and a new cost basis in the stock of $24.

Exercising an option is a purchase transaction, so the gain on the option is taxed at that time.

Any sales of the stock afterward will be short term gains for a year, LT gains after that. Assuming a sales price > $24.