ARG
16/04/2013 08:49
GENERAL
REL: 0849 HRS Argosy Property Limited
GENERAL: ARG: Tax deduction for Albany E Block leasehold payment
As disclosed in its 22 November 2011 Market Release and subsequently, Argosy
has been in discussions with the Inland Revenue Department over the
classification of its leasehold payment for Albany E Block. Inland Revenue
has confirmed that a deduction will be allowed for the payment.
The Board had previously determined not to book this deduction until the
outcome was certain. The estimated cash tax benefit of this for Argosy, in
the year to 31 March 2014, is $4.6 million.
End CA:00235227 For:ARG Type:GENERAL Time:2013-04-16 08:49:50
Price at posting:
$1.01 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
