I'm trying to work out my cost base for some Endeavour shares that I have sold. Ruling CR 2021/50 states that you should calculate CGT by:
- taking the total of the cost bases of your Woolworths shares just before the demerger, and
- apportioning that total between your Woolworths shares and your Endeavour shares received under the demerger (with the split in the ruling being 85.81% to be allocated to Woolworths shares and 14.19% to be allocated to Endeavour shares.
It's not clear what is meant by "taking the total of the cost base of Woolworths shared just before the demerger." Is this the Woolworths closing share price on 25 June 2021? Or is it some kind of average price on that day or over a period of days before the demerger date?
CR 2021/50 states that "This Ruling applies to you if you held Woolworths shares and you were registered on the Woolworths Share Register in Australia at 7.00pm AEST on 25 June 2021 (Demerger Record Date) ..." (This is where I got the demerger date from).
Thanks in advance for any help on this!
Olivia
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