WTF just happened to this stock?

[Damuzzdu]

I haven't been involved with a share split before. How should it be treated for capital gains tax purposes? Is the Asciano purchase price $0.00? If I had sold both Toll & Asciano at today's close after buying one week ago, then I assume I would have made a heavy loss on Toll and a large profit on Asciano. Any clarification is greatly appreciated.

I've read thru restructure booklet and it will very much depend on yr circumstances, however no, shares you hold in AIO will not have a cost base of $0.

If you do not have a restructure booklet, you can get one from here:

http://restructure.toll.com.au/republicast/Toll restructure scheme book 200704.pdf

All the Tax implications are set on P132 Ch 9 of the booklet.

Cheers
Muzz

 

[wombat40]

i held 400 cfds in tol........wake to find im over $3000 down position has been closed and now have the 400 cfds in aio.

at a purchase price of 0.00 but still with a profit overall.....

a bit of thought required yet to adjust my stator portfolio manager.....

wombat