UMC
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0.00% $1.30 united minerals corporation nl

takeover talk, page-76

  1. theincorporator
    2,250 Posts.
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    22/09/08
    14:32
    Post #: 4297678
    ohyeah,
    certain conditions need to be satisfied for tax purposes for scrip-for-scrip rollover relief. If satisfied then cost base post scrip for scrip is same as first purchased ie april08.

    For those interested in light tax legislation reading:


    http://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/
    refer provisions 124-775 to 124-810 under the heading:
    Subdivision 124-M--Scrip for scrip roll-over


    UMC Price at posting: $1.35 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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