• Section 2: Capital gain or capital loss

    In this section you work out whether you made a capital gain or capital loss as a result of the acquisition.

    Column 5: Total value of consideration received

    If you chose maximum cash option, you received cash only for your ABB Grain shares.

    If you chose standard or maximum scrip option, you received a combination of cash and either Viterra shares or Viterra CDIs for your ABB Grain shares. The total value of the consideration you received is the cash plus the market value of the Viterra shares or CDIs.

    We have worked out the value of the particular consideration you received for your ABB Grain shares under each option. Using the option you chose, work out how much you received for each of your parcels of ABB Grain shares:

    Option

    Total value of consideration (Viterra shares plus cash)

    Total value of consideration (Viterra CDIs plus cash)

    Standard

    Column 3 (number of ABB Grain shares) x 0.4531 (rounded down for fractional entitlements) x $10.376 plus Column 3 (number of ABB Grain shares) x $4.35

    Column 3 (number of ABB Grain shares) x 0.4531 (rounded down for fractional entitlements) x $10.70 plus Column 3 (number of ABB Grain shares) x $4.35

    Maximum cash

    Column 3 (number of ABB Grain shares) x $8.70

    Column 3 (number of ABB Grain shares) x $8.70

    Maximum scrip

    56.33% of Column 3 (56.33% of number of ABB Grain shares) x 0.9062 (rounded down for fractional entitlements) x $10.376 plus 43.67% of Column 3 (43.67% of number of ABB Grain shares) x $8.70

    56.33% of Column 3 (56.33% of number of ABB Grain shares) x 0.9062 (rounded down for fractional entitlements) x $10.70 plus 43.67% of Column 3 (43.67% of number of ABB Grain shares) x $8.70


    Attention

    Where you elected the standard option or maximum scrip option, any fractional entitlements you had to Viterra shares or Viterra CDIs were rounded down to the nearest whole number. Therefore, such fractional entitlements should not be included in determining the total consideration you received.

    End of attention

    Enter the results into column 5.

    Column 6: Capital gain or capital loss amount

    Use the following steps to work out whether you made a capital gain or capital loss on your ABB Grain shares.

    Step 1 - Capital gain

    To work out if you made a capital gain on your ABB Grain shares, take the cost base of the shares (amount in column 4) from the total value of the consideration you received for them (amount in column 5). For each parcel, work out:

    column 5 (total value of consideration) - column 4 (cost base)

    If the result is positive, you made a capital gain. Enter the results in column 6 and go to column 7.

    Attention

    You must include this capital gain when working out your net capital gain or capital loss for your 2009-10 income tax return.

    End of attention

    If the result is zero or negative, you need to work out whether you made a capital loss. Go to step 2.

    Step 2 - Capital loss

    To work out whether you made a capital loss, take the reduced cost baseof your ABB Grain shares from the total value of consideration you received for them. For each parcel, work out:

    column 5 (total value of consideration) - reduced cost base

    Enter the results in column 6.

    If the result is negative, you have made a capital loss.

    Attention

    You must include this capital loss when working out your net capital gain or capital loss for your 2009-10 income tax return.

    End of attention

    If the result is zero or positive, you have neither a capital loss nor a capital gain. Skip column 7 and go to section 3.

    Column 7: CGT discount

    You can treat any capital gain resulting from the consideration received as a discounted capital gain provided that you:

    • were an individual, complying superannuation entity or eligible trust
    • calculated the capital gain using a cost base that had been calculated without reference to indexation at any time
    • owned your ABB Grain shares for at least 12 months before the date of disposal (that is, you acquired them on or before 22 September 2008), and
    • applied any current or prior year capital losses to the capital gain first.
    Attention

    If you acquired your ABB Grain shares after 22 September 2008, you cannot use the CGT discount.

    End of attention

    For each parcel, place a 'Y' in column 7 if you are eligible for the CGT discount and an 'N' if you are not.

      Last modified: 21 Mar 2013QC 27250