"You also stand to gain if you are relatively recent shareholder with a high cost base *and* you already have a realised Capital gain or you plan to exit a profitable position for whatever reason eg dissatisfied with FGL or some such. The effective CGT rate for super funds is 10% so you will gain $1 for each $10 of realised capital loss in the BHP buy-back (deemed capital component of the buy-back price is $2.50)"
Correction CK
The deemed capital component will have an excess of the Tax Value component added on for the purposes of realising a capital loss in the buyback. Page 17 of the buyback booklet explains it clearly.
For example in last year's buyback, the initial capital component returned to shareholders was $2.10, however the excess of the Tax Value over the buyback price was $3.86, therefore the deemed share proceeds were $5.96 per share. The difference between $5.96 and the individual's cost base of BHP shares then became the capital loss (or gain) in the transaction.
- Forums
- ASX - By Stock
- BHP
- buyback
buyback, page-18
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add BHP (ASX) to my watchlist
|
|||||
Last
$41.63 |
Change
-0.865(2.04%) |
Mkt cap ! $211.2B |
Open | High | Low | Value | Volume |
$41.51 | $41.79 | $41.45 | $147.8M | 3.545M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3303 | $41.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$41.63 | 4359 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
35 | 13067 | 41.600 |
8 | 3185 | 41.590 |
15 | 6379 | 41.580 |
9 | 4998 | 41.570 |
9 | 6602 | 41.560 |
Price($) | Vol. | No. |
---|---|---|
41.610 | 956 | 8 |
41.620 | 7438 | 14 |
41.630 | 3629 | 10 |
41.640 | 3398 | 11 |
41.650 | 3072 | 10 |
Last trade - 12.52pm 02/08/2024 (20 minute delay) ? |
Featured News
BHP (ASX) Chart |