50% cgt, page-2

You need to seek advice from your tax advisor.

I believe the transaction should be CGT exempt on the basis that it will be a scrip for scrip roll-over. We don't know all the terms of the deal yet.

The cost base for the Dart share will be determined subject to terms of the deal/valuation etc. You won't know what this is for some time I expect.

Dart shares will be a new asset for CGT purposes and the 12 month period will begin when (and if) the Dart shares are issued.

If you sell the Dart share, after 12 mths has expired from the date of issue, the 50% concession will apply to the profit above the Dart share cost base.

Please ensure you get tax advice to confirm whether this is correct.