ITM 0.00% 7.8¢ itech minerals ltd

In Specie Distribution - Tax Implications

  1. 767 Posts.
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    Good afternoon all,

    Excuse me if this has been covered within other threads.

    Since tax time is approaching, I wanted to gain an understanding of how our in-specie shares given to us from AXE actually effect the way we make our tax claim.

    I know there was a document from AXE/ITM explaining it but I really need it dumbed down for me.

    Was there any tax event from attaining the shares? Is it treated like a dividend?

    When it comes time to sell the shares, what is their cost base?

    Is the cost base of my AXE shares altered as part of this de-merger and does it change my capital gains come time to sell any AXE shares?


    Thanks in advance all,
    Nick
 
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