Not many people do their tax on 1 July.
If they do they can ask for an amendment.
So yes, he can has his tax reassessed and receive an adjustment.
His tax advisor would tell him to wait unless there was a pressing reason to lodge his itr.
What would happen in the case of a takeover offer in June - every one who accepts would miss out.
Instead the tax office, and the tax law, does the 80% from when the offer ends.
Not many people do their tax on 1 July.If they do they can ask...
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