SHL 0.78% $29.14 sonic healthcare limited

sie scigen.....the answer to the market price

  1. 5,447 Posts.
    The first of a few posts as I unravel the mystery.....it lies in the Capital Gains Tax.


    Tax Briefing: Business Tax Reform
    Demergers: Tax relief for investors

    July 2002
    On 27 June, 2002 the Government introduced the New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Bill 2002 (No. 2) and related announcements. The bill covers three key measures:

    1. The tax Consolidation rules
    2. The rules for demergers
    3. A new General Value Shifting regime (GVSR)
    and other issues not covered in this e-mail.

    Some of the elements of this bill have been flagged for review by Government so the final form may still alter.

    The demerger rules introduced will allow companies and trusts to distribute, to their shareholders or unitholders, subsidiary companies and trusts. The demerger concession is generally applicable from 1 July 2002 and will broadly allow a deferral of capital gains tax in relation to an eligible demerger with the shareholder splitting their tax cost base over the original and demerged entity. It will benefit conglomerates, both listed or unlisted and private or public, seeking to focus on core businesses. Demergers are an alternative to spin-offs, or to trade sales of businesses.

    We see the demerger rules as powerful new concessions to aid in business efficiency. However, the demerger rules contain various anti-avoidance provisions primarily aimed to stop their use to craft tax free distributions of profit or capital value to shareholders in lieu of other taxable distributions. Further 'integrity measures for non-widely-held entities demerging' and consequential measures are yet to be added.

    If you would like to learn more about these new rules and how they may impact your business, contact [email protected]























 
watchlist Created with Sketch. Add SHL (ASX) to my watchlist
(20min delay)
Last
$29.14
Change
-0.230(0.78%)
Mkt cap ! $13.83B
Open High Low Value Volume
$29.30 $29.48 $29.06 $44.92M 1.542M

Buyers (Bids)

No. Vol. Price($)
2 9940 $29.13
 

Sellers (Offers)

Price($) Vol. No.
$29.15 5889 3
View Market Depth
Last trade - 16.10pm 18/11/2019 (20 minute delay) ?
(live)
Last
$29.08
  Change
-0.230 ( 0.88 %)
Open High Low Volume
$29.31 $29.48 $29.06 54136
Last updated 15.59pm 18/11/2019 (live) ?
SHL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.