"You also stand to gain if you are relatively recent shareholder with a high cost base *and* you already have a realised Capital gain or you plan to exit a profitable position for whatever reason eg dissatisfied with FGL or some such. The effective CGT rate for super funds is 10% so you will gain $1 for each $10 of realised capital loss in the BHP buy-back (deemed capital component of the buy-back price is $2.50)"
Correction CK
The deemed capital component will have an excess of the Tax Value component added on for the purposes of realising a capital loss in the buyback. Page 17 of the buyback booklet explains it clearly.
For example in last year's buyback, the initial capital component returned to shareholders was $2.10, however the excess of the Tax Value over the buyback price was $3.86, therefore the deemed share proceeds were $5.96 per share. The difference between $5.96 and the individual's cost base of BHP shares then became the capital loss (or gain) in the transaction.
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Last
$41.61 |
Change
-0.880(2.07%) |
Mkt cap ! $211.2B |
Open | High | Low | Value | Volume |
$41.51 | $41.79 | $41.45 | $145.8M | 3.498M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 13067 | $41.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.61 | 956 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 5533 | 41.610 |
37 | 14729 | 41.600 |
11 | 3917 | 41.590 |
14 | 5860 | 41.580 |
9 | 4357 | 41.570 |
Price($) | Vol. | No. |
---|---|---|
41.620 | 2324 | 9 |
41.630 | 7293 | 18 |
41.640 | 4704 | 11 |
41.650 | 2611 | 9 |
41.660 | 3365 | 12 |
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