I buy shares in Company A valued at $X and after 2 years Company Y takes over my shares in Company A in exchange for a lessor number of shares in Company Y, with an agreed value of $X +/-. What are the tax implications when I decide to sell the shares in Company Y which I have held for less than 6 months?
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Hi @BobnClr41
It'll all depend. If the Scrip for scrip rollover applies you may be able to apply for a CGT discount.
Check out our Capital gains tax guide all the further info you need also.
All replies
Hi @BobnClr41
It'll all depend. If the Scrip for scrip rollover applies you may be able to apply for a CGT discount.
Check out our Capital gains tax guide all the further info you need also.
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