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Yes please get independent financial advice. The scheme...

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19/04/21

09:52

Post #: 52556616
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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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Yes please get independent financial advice. The scheme documents will have some information on tax implications, but if it is anything like other similar transactions, you should get rollover relief from crystalizing any CGT events. Note, you should always seek qualified advice (I'm not qualified and this isn't advice).

GXY Price at posting: $3.61 Sentiment: None Disclosure: Not Held
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