whitby buys in, page-9

DW and LW no longer resident in Australia.

Rather than pay CGT on the value of her stock on the day she left LW continues to hold.

Transfer to DW triggers a CGT event for LW - she will have to pay the tax on the gain from purchase to 15c (transfer price).

DW non-resident for tax purposes (presumably is resident in a low tax domicile) will now pay far less tax on any gain he now makes.

So, why trigger a tax bill for LW? Only if a big rise in share price is imminent - in which case DW pays low/no tax on the gain when he eventually sells. Otherwise LW would be better to hold in her name.

So - my theory is that some major SP movement is expected by DW & LW. Could be Tindalo related or (I hope) related to the rest of the acreage... time will tell.

p1000