Yes, for tax purposes your new EDV shares have the same acquisition dates as your WOW shares. The initial cost base of each SCA Property Group stapled security you received under the distribution is $1.4397. A capital gains tax event happened when you received the capital return. Key components of the result were: - income from investments, excluding the demerger dividend, down from $7.1 How to handle the Woolworths . 18,52 km. C.Historic Purchase Price Allocation (PPA) - Need and ability to revisit? CIT v. T Veerabhadra Rao, K Koteswara Rao & Co. (1985) 155 ITR 152 (SC). compared to 4.1% in FY17. All the liability/property of the undertaking becomes the liability/property of the resulting organisation. Demerger and Income Tax Act, 1961 . Bulk import historical buy and sell trades, Add buy & sell trades or adjustments manually, Manage devices logged in to your Sharesight account, Maintain a custom investments across multiple portfolios, How to handle Woolworths & Endeavour demerger. The Act provides for certain tax concessions to companies involved in the scheme of demerger and alsoto their shareholders. U0# L _rels/.rels ( MO0HBKwAH!T~I$'TG~;#wqu*&rFqvGJy(v*K#FD.W =ZMYbBS7 ?9Lsbg|l!USh9ibr:"y_dlD|-NR"42G%Z4y7 PK ! As per the Act [44] , the WDV of the block of assets acquired by resulting company should be the tax WDV of such assets in the hands of demerged company immediately before the demerger. As per Rule 11UA(1) of the Income-tax Rules, 1962. The stapled securities were sold for $1.6347 each and the sale proceeds sent to you.