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  • Takeover and mergers

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    If a company in which you held shares was taken over and you received new shares in the takeover company, you may be entitled to scrip for scrip-roll over.

    If the scrip for scrip conditions were not satisfied, your capital proceeds for your original shares will be the total of any cash and the market value of the new shares you received.

    You are only entitled to scrip for scrip roll over if you would have made a capital gain. Usually, the company would have advised you if the other scrip for scrip roll over conditions were satisfied.

    Last modified: 06 Oct 2009QC 16182