with regard to a take over, several posts have been made stating there are CGT benefits of a script vs cash offer.
scenario:
buy UMC in Apr08
take over accepted and effected Oct08.
its a 1 for 1 script offer.
sell "the new UMC" in May09.
what are the cgt implications in terms of the 50% discount.
is the original purchase date deemed to be Apr08 or Oct08 for CGT purposes?
