PRG Cost Base for SKE Acceptors

[balise]

This question may have been answered already but I have been unable to find the answer.

What is the CGT cost base for PRG shares received by SKE holders in the share swap?

Thank you.

 

[pixel]

This question may have been answered already but I have been unable to find the answer.

What is the CGT cost base for PRG shares received by SKE holders in the share swap?

Thank you.

This is my understanding, and the way my portfolio has accounted for the merger:

You take the total cost base of all your SKE shares at the time of the merger, then divide it by the number of PRG shares you received. The result is the cost base per (new) PRG share.

Any/ all dividends that fell due just before the merger are treated as income - grossed up with Franking Credits. Dividends never affect the cost base.

 

[balise]

This is my understanding, and the way my portfolio has accounted for the merger:

You take the total cost base of all your SKE shares at the time of the merger, then divide it by the number of PRG shares you received. The result is the cost base per (new) PRG share.

Any/ all dividends that fell due just before the merger are treated as income - grossed up with Franking Credits. Dividends never affect the cost base.

Thanks Pixel. Sounds simple when you put it like that.