Apologies if i have created confusion but here is my line of thinking:
If I bought shares in wgo for $1000 originally and have 10,000 shares and sell wgo at 38c then my profit from my original $1,000 will be $2800. If I have held for 12 months then only $1400 is assessed and taxed.
If I accept the stx offer for my 10,000 shares and sell the new stx shares for 38c in less then 12 months then the $2800 profit from my original investment is assessed and taxed. The 50% discount from holding wgo for longer then 12 months only carries across to the new stx holding if stx acieve 80% but if they don't then I thought the new 12 month time frame starts from when my wgo shares via the scrip offer are converted over.
As I said apologies if I've created confusion and happy to be corrected if possible with the above example or another.
- Forums
- ASX - By Stock
- WGO
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-178
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)