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Whistler this is definitely not correct.The ATO will work out...

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Mr.Dollar

1,496 Posts.

72

07/02/23

18:33

Post #: 66124269
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Originally posted by Whistler10: ↑

I'm no accountant but your post maybe a little confusing.
Let's say you have x no.of LNK shares.
Let's say that you received 1000 PEXA shares from the distribution.
The market value of the PEXA shares on their listing date was $12/share.
This would be the cost base of the new PEXA shares (approximately)
Therefore the total value of the distribution (PEXA)=$12x1000=$12,000
Then the distribution amount divided by the no.of LNK shares held=$12,000/x.
The result would be subtracted from the original cost base/share of your LNK holding.
So in my situation with an original cost base LNK /share of $5.00/share,$1.60 will be
subtracted from my LNK /share holding.
This would be a 32% reduction so it will depend on the original cost if using percentage terms.

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Whistler this is definitely not correct.
The ATO will work out and decide on the cost base. As Faking posted and said, I also read somewhere there was a Draft ruling but why it was secret and not been released as yet is total crap. It should not be too hard to work out so investors know where they stand.

LNK Price at posting: $2.11 Sentiment: Hold Disclosure: Held
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0 Great analysis

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