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1.89%

27.0¢ st barbara limited

Ann: ATO Class Ruling for In-specie Distribution of GMD Shares, page-8

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29/12/23

19:19

Post #: 71662660
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Originally posted by Exised: ↑

I don't think that is that case. Would be nice to know what your accountant thinks. We shall compare notes when after I talk to mine.

I think this CR 2023/72 ATO ruling is a dogs breakfast. ATO is treating it as CGT event(s) instead of a much simpler Return of capital Dividend or Income. So per SBM share they've ruled that you've made 30.42 cents in gains per SBM share on implementation. Therefore you are liable for CGT gain if your SBM cost base is below 30.42 cents under G1 scenario. If you held SBM shares at the Record Date but disposed of them prior to the Implementation Date you may also be liable for gains under C2 scenario.

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I was also hoping ATO would treat it as dividend and will keep it simple. But hey simple is too overrated . I think it all depends on who you end up getting as case officer. Let me give my accountant some job..too easy for him most of the time . Will let you know what I hear back.

Hope you having good break. For us Ken Behrens it is too much rain this year. Hope we can enjoy our early fireworks this year.

SBM Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 27.0¢		Change 0.005(1.89%)		Mkt cap ! $222.8M

Open	High	Low	Value	Volume
27.5¢	28.0¢	27.0¢	$855.6K	3.107M

Buyers (Bids)

No.	Vol.	Price($)
20	444773	27.0¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	481647	27

View Market Depth

No.	Vol.	Price($)
24	703994	0.270
17	847817	0.265
19	918586	0.260
12	685738	0.255
16	587848	0.250

Price($)	Vol.	No.
0.275	500292	27
0.280	848097	29
0.285	637368	21
0.290	828980	24
0.295	663271	13

Last trade - 14.12pm 16/05/2024 (20 minute delay)


Last 27.0¢			Change 0.005 ( 0.93 %)
Open	High		Low	Volume
27.3¢	28.0¢		27.0¢	1399375
Last updated 14.33pm 16/05/2024 ?

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