LLL 0.00% 50.5¢ leo lithium limited

ATO ruling on demerger

  1. 165 Posts.
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    https://www.ato.gov.au/law/view/document?src=hs&pit=99991231235958&arc=false&start=1&pageSize=10&total=1&num=0&docid=CLR%2FCR202276%2FNAT%2FATO%2F00001&dc=false&stype=find&tm=phrase-basic-CR%202022%2F76

    16. The Commissioner accepts that a reasonable apportionment is to attribute:
    •40.91% of the total of the cost bases of your Firefinch shares just before the demerger to the Firefinch shares, and
    •59.09% of the total of the cost bases of your Firefinch shares just before the demerger to the corresponding Leo Lithium shares you acquired under the demerger.
 
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