I had owned ST George shares for about 10 years, and last December they were converted to Westpac when they were bought out. I am looking at selling now, however want to know if I will incur extra capital gains tax as I have (maybe) held them for under a year.
On conversion (compulsory) from St George to Westpac, were they deemed as sold, so I have to wait a year to get the capital gains discount or would have they continued on so effectively I have still owned them for 10 years and will get the 50% discount?
If they were deemed as 'sold' it may be worth me hanging on to them for the extra few months.
Thanks for your help anyone.
I had owned ST George shares for about 10 years, and last...
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