"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.
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$41.65 |
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$41.65 | 2210 | 14 |
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13 | 3657 | 41.630 |
17 | 5179 | 41.620 |
15 | 4481 | 41.610 |
22 | 7532 | 41.600 |
Price($) | Vol. | No. |
---|---|---|
41.660 | 2379 | 21 |
41.670 | 3791 | 12 |
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41.690 | 2918 | 8 |
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