I know PIH have issued the Tax Statement Guide for 30 June 2010 saying no CGT Rollover is available in respect of the conversion of EPS into PIH stapled securities. However when I look at the ATO 'Involuntary disposal of a CGT asset' description I feel the statement
"you dispose of your CGT asset to an entity (other than a foreign government agency) after a notice is served on you inviting you to negotiate a sale agreement. You must have been informed that, if the negotiations are unsuccessful, the asset will be compulsorily acquired under a power of compulsory acquisition conferred by an Australian or foreign law" pretty much describes how I feel the EPS's were switched to PIH.
Has anybody had an alternate opinion that the swap may be eligible for rollover?
I know PIH have issued the Tax Statement Guide for 30 June 2010...
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