Company Take over tax implications

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 · Accepted Answer

Deb_ATO · Answer

It'll all depend. If the Scrip for scrip rollover (https://www.ato.gov.au/forms-and-instructions/capital-gains-tax-guide-2023/part-a-about-capital-gains-tax/investments-in-shares-and-units?anchor=Investments_in_shares_and_units#Scrip_for_scrip_rollover:~:text=End%20of%20example-,Scrip%20for%20scrip%20rollover,-If%20a%20company) applies you may be able to apply for a CGT discount. Check out our Capital gains tax guide (https://community.ato.gov.au/s/article/a079s0000009GnJAAU/have-you-sold-crypto-shares-or-property) all the further info you need also.

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