IOH 0.00% 70.0¢ iron ore holdings limited

Cash Payment, page-6

  1. 10,494 Posts.
    Hi orewealth, I asked Superwealthy the following. Can you also assist with my question.



    Hi Superwealthy, just a question if you can assist. Tax time.

    You know the cash payment component (10c) paid to IOH holders for the BCI merger.

    For income tax purpose, is the payment taxable (in it's entirety) ?

    I don't think it was a tax-free return-of-capital type arrangement.

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