Ann: Bidders Statement,GXY-GMM.AX, page-17

Probably comes down to where you're taxed. Aussies in New York for example still getting the ATO treatment are surely considered Australian.

People go overseas and work or train for Australian companies all the time.

Unless you have to... I would not just sell GMM and use the money to get GXY as any profits need to be split with the taxman (CGT) first.

When the 1.65 for one is done (assuming it goes through) it's not treated as a sell/buy but an adjustment which should preserve the dates you bought the shares for CGT treatment if > 1 year.

IMO... the CGT break on shares after a year sucks. Watched 250% profit in a small cap evaporate cause I wanted to wait a year and not get taxed out of existence. Now they're up a whole 20% I don't have that CGT worry >_>. In such a volatile market one years can feel so far away, I'd be guessing a lot in BAL had potentially 1600% profit at one stage and because of the huge tax difference were hanging out for the 1 year to unload or lock in profit. IMO for CGT 2 months would be ideal.