I’ll like some guidance on discount CGT dates?
I bought Coalworks shares on 22 Sept 11 and they were compulsory acquired by Whitehaven Coal. The bid period ended on the 4 Jul 12.
For CG discount purposes, do I use the end of the bid period or the cheque payment date? (Which I’ve not received yet)
As part of the takeover deal I was given Orpheus Energy shares.
Is the date of acquiring Orpheus share for tax purpose considered as the date I purchased Coalworks?
I expect someone will point me to the relevant tax ruling but I would like their understanding of the rule.
My experience with the ATO is they don’t explain but reiterate what you have read.
Thanx,
Radicool Views
cgt dates
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