That Sir is a query for the ATO to answer.
Best of luck with getting them to conceded no Capital Gain existed when you effectively swapped your NWE shares , purchased for $x, for MIN shares worth $x + $y
The $y is your capital gain, in their view, and they'll claim it was realized at the time the MIN shares were issued.
Ann: NWE:Norwest Directors Unanimously Recommend MIN Revised Offe, page-13
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Last
$45.91 |
Change
0.980(2.18%) |
Mkt cap ! $9.022B | |||
| Open | High | Low | Value | Volume |
| $46.57 | $46.80 | $44.79 | $105.3M | 2.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 257 | $45.83 |
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| Price($) | Vol. | No. |
|---|---|---|
| $45.94 | 22224 | 4 |
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