A hostile TO is unlikely, a simple sale of asset is more likely. In this scenario the company earns the profit, pays tax and issues a special dividend franked. So no cgt is payable by you unless you sell your shares prior to the SD. If you sell your shares after the SD your sale price will be at less than your buy price so you will carry forward a capital loss. No cgt. A SD is generally aimed around 95% of the share value of the sale once tax has been calculated. IMO I’m not an accountant.
Ann: Mining Right Granted at Witwatersrand Basin Project, page-224
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