beppa -> pih tax implications, page-8

Selling them prior to conversion would have made a tax event occur on that date.

Having a tax event on re-listing gets to the same point as far as ATO is concerned.

It levels the cap gain rules out for all holders as of the relisting date.

The ATO ruling will be about how to calculate the cost base, therefore the value for taxation purposes for finalising BBI/Beppa and the beginning of PIG. Holders only need to work out when is the best time to generate the cash to pay the ATO for the profit if there is one, that is an individual thing based on the rest of their holdings performance.

It will be interesting to see how it goes now that 90% of holdings are in big hands again.

I bet it gets played with just like all the others.

ifandwhen