mergers and takeovers: CGT disposal price, date and time

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 · Accepted Answer

YellowPotato · Answer

You might be able to wait for a class ruling for what the accepted market price would be. For MYS/ABA merger, I believe it would be the market value of the shares you receive that would the 'proceeds'. You are exchanging 1 ABA for 1.112 MYS. The date you use for market value might be the day you received the MYS shares in the share registry. Am I allowed to lump all of my shares in determining if it is a capital gain or loss, or do I need to treat each share separately? - You don't treat shares as a group, each purchase order is a parcel. You determine the CGT for each parcel of shares. - [make sure to add up the quantity of MYS you used as proceeds and the total matches with total MYS you have] However I need to know the date, as this will affect whether I get the 50% CGT discount for some of my parcels - I think it would be best to check the share registry for when you shares are gone. - [I had another look at the announcements, it might 12 March 2025. Search for the 'Notice of Revocation of Trust' announcement and says completed the acquisition on 12 March 2025] One final question, if I sell shares on the same date I bought them, eg buy on 19/3/2024 and sell on 19/3/2025, do I get the 50% CGT discount? Does it depend on the time of day? - You exclude the purchase date and sale date. ATO example here (https://smallbusiness.taxsuperandyou.gov.au/capital-gains-tax/the-discount-method) - [so no, for your example, there is no discount] - I think it would [be sell on] 21/03/2025 [as the dates owned would be from 20/03/2024 to 20/03/2025] [If this is too much for you, you may want to seek a tax agent for this tax return]

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