A capital return will only trigger a CGT event if the amount returned is greater than the original outlay. So unless someone was fortunate enough to buy EZL shares at less than the upcoming capital return, which could be possible if they were bought last century, then no CGT applies. You do, however, have to adjust downwards your original outlay by the amount returned. Tax on dividends, of course, is as per normal.
EZL Price at posting:
$1.60 Sentiment: Hold Disclosure: Held
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