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5.6¢ norwest energy nl

Also the CGT event happened when they sold the shares, not at 30...

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phx

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05/04/23

00:09

Post #: 67137127
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Originally posted by Mikey74: ↑

If that's the case PHX, what happens when July 1 rolls around, 80% has not been obtained so a CGT event has occured for anyone that accepted the MIN deal.
For example let's use Joe Citizen.
Joe does his tax and it is processed. He is an individual that likes getting his tax done early.
He then pays his tax bill, then say 80% is obtained in Sept. Will the ATO provide a reimbursement or refund for over paying tax when he didn't need to?

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Also the CGT event happened when they sold the shares, not at 30 June or any other date.
The 80% is about how the CGT event is taxed.

NWE Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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