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Prendo(Initiate)Initiate
17 Feb 2025

Hi

in Feb 2025, Suncorp Group Limited (ASX.SUN) undertook a capital consolidation, following the sale of the banking arm to ANZ Bank, resulting in the reduction of shares held to 85.11% of shares previously held, a return of Capital of $3.00 per share and special dividend of $0.22 per share.


Will the ATO be issuing an advice regarding the treatment of this event for CGT and income tax purposes, and, if so, when?

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Suncorp Group capital consolidation Feb-25 | ATO Community