Amazing Deal, page-34

Hi @LOTM (or anyone else who really knows this stuff)

I'm really confused about the likely tax (assuming they don't do anything clever buying other assets with tax losses etc). So they have $120m+ losses from last year. Everyone is talking about the tax on the sale - how does that work? Does that capital gain just count as an income for this year and do they deduct all other finance costs and admin costs from it and can they use the $120m loss from last year to offset it? Or is it taxed separately as a transaction?

Also Is the tax paid in Australia or in the U.S. or both And what's the rate they pay (I see 30% statutory rate mention in the last annual report)

Would appreciate any insight you can give on this - obviously the likely tax makes a big difference to the NTA after the transaction, if it goes ahead.

Cheers
Pb