re: woollies buy back ... rem I guess youd have to see the details of what they gave up to the ATO to get the stunning deal. Capital loss and franked profit do indeed combine to make a special deal, and Im sure the tax details you suggest would apply.
If the buyback totalled 4% of stock, then woolies would have to give up something substantial to the ATO, like buying new equipment and getting capital depreciation, or agreeing to hire more staff, or who knows what.If they can absorb this cost, or even got it for nothing, then it is probably a good deal for all.
Ive never traded a buyback stock before. Is such a tax free deal normal for buybacks?
chart for those interested, page-17
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