Demerger tax implication (CGT), page-5

Also just as a side note the tax payable on the capital gain, If you are NOT a share trader but an investor is calculated as follows:

1. if you hold the shares for more than 12 months you qualify for the 50% CGT Discount

• 01 Sep 2021 purchase 100,000 FFX for $60,000
• 10 OCT 2022 sell 100,000 FFX for $80,000
• CGT $20,000 less 50% discount = $10,000 taxable CGT
• tax payable (assuming your income is less than $120k) at 34.5% = $3,450 (instead of $6900)
• if you sell the shares within 12 months of purchase you do NOT qualify for the 50% CGT Discount

• The demerger document should say when the purchase date is for the LEO shares ,that is :
• it it the time of the demerger or the original date of purchase of the FFX shares
  

A sharetrader does not get the CGT concessions because they are in the business of share trading