Afterpay will apply for a ruling from the Australian Taxation Office (ATO) in relation to the availability of scrip-for-scrip capital gains tax rollover relief in regards to the transaction for Afterpay shareholders in Australia. The stock transaction is intended to be tax-free to Afterpay shareholders in Australia, and receipt of confirmation of such ruling is a condition precedent to the transaction
What does this mean exactly? If I sell it today, I don't have to pay the CGT?
APT Price at posting:
$118.69 Sentiment: Hold Disclosure: Held
