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misoturnip

109 Posts.

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19/04/21

09:51

Post #: 52556584
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Originally posted by basil15: ↑

Hi Everyone,

I will probably get tax advice from an accountant but that are tax implication of this merger?

Does anyone have an opinion on the following

1. Once the merger is complete are there any immediate tax implications (CGT) for GXY shareholders?
2. What about the CGT discount, if you have help GXY shares for longer than a year do you still get to enjoy the 50% discount once you sell the share in the merged entity?

Thanks for your help.

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https://www.ato.gov.au/general/capital-gains-tax/shares,-units-and-similar-investments/takeovers-and-mergers,-scrip-for-scrip-rollover/#Scrip_for_scrip_rollover

GXY Price at posting: $3.61 Sentiment: Buy Disclosure: Held
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