In general, rollover relief is only expected to be available in relation to capital gain associated with New WAM Global Shares issued in consideration for your TGG shares. Rollover relief won't be available in relation to the New WAM Global Options - tax will be assessable on any portion of capital gain made in respect of the options.
As per the Explanatory Memorandum issued in relation to the transaction:
Australian resident TGG Shareholders that make a capital gain under the Scheme may choose to apply CGT scrip for scrip roll-over relief to the capital gain that is attributable to the receipt of the New WAM Global Shares.
The CGT scrip for scrip roll-over is not available:
- to a TGG Shareholder if they make a capital loss on the disposal of their TGG Shares under the Scheme;
- to a TGG Shareholder who is not a resident of Australia;
- for the portion of capital gains made in respect of the New WAM Global Options.
