"...but do i also need to reduce my cost base for each remaining share i hold ?"
I expect that the ATO will put out a "class ruling" on what the ATO sees as the correct taxation treatment of the return of capital by EZL..
I haven't been following the EZL matter that closely, but I expect that the short answer to your question is yes, the cost base of EZL shares will be reduced by the return of capital.
I am not sure if the ATO produce such class rulings off their own bat or whether the companies that are undergoing some form of restructering ask the ATO for a class ruling for the benefit of their shareholders.
I suspect it may be the latter.
As an example, there are ATO guides on the tax treatment of the various restructerings affecting Wesfarmers.
Cheers
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Last
83.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $136.8M |
Open | High | Low | Value | Volume |
83.0¢ | 83.0¢ | 83.0¢ | $1.455K | 1.753K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18467 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
84.0¢ | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 18467 | 0.830 |
1 | 6093 | 0.820 |
1 | 2885 | 0.815 |
1 | 12345 | 0.810 |
2 | 50000 | 0.805 |
Price($) | Vol. | No. |
---|---|---|
0.840 | 6000 | 1 |
0.850 | 5000 | 1 |
0.860 | 6701 | 2 |
0.865 | 10000 | 1 |
0.870 | 21358 | 1 |
Last trade - 13.49pm 21/05/2024 (20 minute delay) ? |
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