ATO Deemed disposal rule

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    Hi All,

    I have a question regarding the ATO deemed disposal rules whereby you can elect to pre-pay CGT when ceasing to be an Australian resident for Tax purposes by having the ATO deem your stocks to of been sold. This then excludes you from paying CGT in future on those stocks. However, what happens if the stocks deemed to have been disposed are subject to a take over and replaced with stock of a new company? Thanks in advance.

    Booger
 
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