A significant quantity of CSR shares held by me as at Scheme of Arrangement date 9/7/24 were previously Pioneer Sugar shares when taken over by CSR. This quantity of Pioneer Sugar shares were acquired by me prior to introduction of CGT 20/9/85. I do also have subsequent shares received under Dividend Reinvestment Plan since 20/9/85.
My question:
Are my previously owned Pioneer Sugar shares acquired by CSR prior to 20/9/85 exempt from CGT?
I am aware that DRP shares issued by CSR since 20/9/85 will be subject to CGT at discount rate of 50%.
Many thanks for your feedback.
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