re: Ann: Eldorado and Sino Gold announce Busi... There is no...

re: Ann: Eldorado and Sino Gold announce Busi... There is no cash involved, I think the ATO will allow recipients to choose scrip for scrip rollover - no tax to pay but your new Eldorado cost base will be the same as the cost of your original SGX. Google St George and Westpac Demerger you will find some relevant info.

The only thing I am concerned is the future dividend from Eldorado (if any) will most likely be regarded as foreign source income. Google AMP and Henderson demerger you will find that dividend from Henderson Group is foreign source income.