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.
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...
CER Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
