My understanding is that the issue of WPL shares will be treated like any other dividend, i.e added to your assessable income in a month's time and you'll pay tax on it.
Which seems unfair because you're going to be taxed AGAIN when you sell those shares. And you could have theoretically sold $10k of BHP and then after the demerger buy $10k of WPL without paying a cent in tax (assuming you're in the red like me).
Basically paying income tax just to move some value from one ticker to another. Silly.
Am I completely wrong here?
Woodside Demerger - What are the benefits ?, page-123
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Last
$44.74 |
Change
1.380(3.18%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.35 | $44.86 | $44.27 | $675.0M | 15.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | $44.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.75 | 3245 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |