CWK 0.00% 99.0¢ coalworks limited

I’ll like some guidance on discount CGT dates? I bought...

  1. 2,959 Posts.
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    I’ll like some guidance on discount CGT dates?

    I bought Coalworks shares on 22 Sept 11 and they were compulsory acquired by Whitehaven Coal. The bid period ended on the 4 Jul 12.

    For CG discount purposes, do I use the end of the bid period or the cheque payment date? (Which I’ve not received yet)

    As part of the takeover deal I was given Orpheus Energy shares.

    Is the date of acquiring Orpheus share for tax purpose considered as the date I purchased Coalworks?

    I expect someone will point me to the relevant tax ruling but I would like their understanding of the rule.

    My experience with the ATO is they don’t explain but reiterate what you have read.

    Thanx,
    Radicool Views
 
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