Hi, so just to clarify, if we want to convert beppa to bbi, we simply sell beppa and buy bbi correct? the ammount we sell of beppa wont get taxed and therefore we can use the full ammount to buy bbi am i right?
and when the time comes in the next financial year, what are the tax implications? i was told cgt is exempt is we hold a security for more than 12 months is that correct? does that mean we then just get taxed our normal income tax on the profits rather than 50%?
What's your strategy melua? are u going to hold bbi after u convert from beppa for over a year? market conditions pending of course.
BBI Price at posting:
8.2¢ Sentiment: LT Buy Disclosure: Held
