It's soon to be tax time yet again. I've been through this ATO ruling regarding the restructure and formation of CRF, but I'm not an accountant so I'm having trouble.
http://www.centroretailaustralia.com.au/uploads//News_Publications_and_Financial_Reports/Financial%20Information/Taxation_Guidance/Tax_Guide/cr2012-008.pdf
It *seems* (to me) to say that the restructure itself doesn't trigger a capital gains event. So for example, if I originally bought shares in CER @ 5c, my cost base for the new CRF shares simply becomes 5.29x5c = 26.45c
I'll be ever grateful if someone can confirm or deny this. Or possible explain in simple terms if I've got it wrong.
Cheers...
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It's soon to be tax time yet again. I've been through this ATO...
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