Hi all,
got myself another messy one. A stock was bought out, and part of that
deal was it was broken into two companies just before.
Rather than issue/reduce shares held, it's been done on a value basis.
Here's the basics:
Company FGL split into Company FGL and Company TWS, cost basis of FGL is
79.96%, and TWS is 20.04%
Here's the office Australian Tax Office advice:
https://www.ato.gov.au/forms-and-instructions/foster-s-group-limited-demerger-2011/background
At the time I had 143 FGL and gained 48 TWS shares. The FGL shares were
sold for a total of $772.20
In my head I understand the concept: Entering it though... nope.
TIA
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