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  • Demerger rollover relief

    Demerger rollover relief is available for this demerger if you made a capital gain.

    Choosing the rollover

    The rollover allows you to disregard any capital gain resulting from the NZ$0.1989 (A$0.1469) capital reduction amount.

    A capital gain would only arise if the cost base of each of your TCNZ shares was less than NZ$0.1989 (A$0.1469).

    You cannot make a capital loss on the capital reduction.

    Not choosing the rollover

    If you do not choose the rollover and you made a capital gain on the share capital reduction, you must take the capital gain into account in calculating your net capital gain or capital loss in your 2011-12 tax return.


    The way you prepare your tax return is sufficient evidence of the choice you made.

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      Last modified: 13 Aug 2012QC 26368