The capital proceeds for each AXA share is $3.8836 (0.73 multiplied by $5.32 - the market value of an AMP share on 30 March 2011) plus $2.5464 cash. You may have made a capital gain or capital loss on your AXA shares, depending on their cost base, or reduced cost base, and the amount (capital proceeds) you received for them. What are the CGT consequences of the disposal of my AXA shares?Ī CGT event happened when you disposed of your AXA shares in the merger with AMP on 30 March 2011. you must include the final dividend from AXA in your 2010-11 tax return.you must determine the cost base of your new AMP shares.you must work out your capital gain or capital loss and take it into account in working out the net capital gain to include in your 2010-11 tax return.you must decide whether or not to choose CGT (capital gains tax) rollover.The market value of each AMP share received by AXA shareholders is $5.32. to make a short-term or one-off commercial gain.ĪXA ordinary shareholders received 0.73 fully-paid ordinary shares in AMP and $2.5464 cash for each ordinary share they held on 16 March 2011.ĪXA also paid a final unfranked dividend of 9.25 cents per ordinary share.any gain or loss you made on the shares is a capital gain or capital loss - this means that you held your shares as an investment asset, not.you did not acquire your shares under an employee share scheme, and.you held ordinary shares in AXA, which participated in the merger with AMP in 2011.you are an Australian resident for tax purposes.you are an individual (not a company or trust).This page contains information about the merger of AMP and AXA on 30 March 2011. Merger of AMP Limited (AMP) and AXA Asia Pacific Holdings (AXA) fact sheet Overview
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