They didn’t buy the shares at 70 cents. They just “retained” the % of the company splitting off from the parent?
I guess the ATO will rule on what the value base is of that shareholding for cgt purposes. Kinda annoying it happened2- 3 years ago now and they hadn’t asked for a ruling so we’d have an answer by now.
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They didn’t buy the shares at 70 cents. They just “retained” the...
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