"...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
81.5¢ |
Change
-0.005(0.61%) |
Mkt cap ! $134.3M |
Open | High | Low | Value | Volume |
83.5¢ | 83.5¢ | 81.5¢ | $34.56K | 42.04K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9864 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.5¢ | 1100 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9864 | 0.800 |
5 | 15938 | 0.795 |
4 | 20836 | 0.790 |
2 | 14000 | 0.785 |
4 | 135064 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.815 | 1100 | 1 |
0.820 | 54336 | 2 |
0.825 | 546 | 1 |
0.830 | 5000 | 1 |
0.835 | 5987 | 1 |
Last trade - 11.54am 14/06/2024 (20 minute delay) ? |
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