Incitec Pivot Ltd T.IPL

Primary Symbol: ICPVF

Chemicals Basic Materials

Incitec Pivot Limited is an Australia-based manufacturer and supplier to the resources and agricultural sectors. Its segments include Asia Pacific and Americas. Asia Pacific segment includes Fertilisers Asia Pacific (Fertilisers APAC) and Dyno Nobel Asia Pacific (DNAP). Fertilisers APAC manufactures and sells fertilizers in Eastern Australia and the export market. It also manufactures, imports and sells industrial chemicals to the agricultural sector and other specialist industries. DNAP manufactures and sells industrial explosives and related products and services to the mining industry in the Asia Pacific region, Turkey and France. Americas segment includes Dyno Nobel Americas, which manufactures and sells industrial explosives and related products and services to the mining, quarrying and construction industries in the Americas (Canada, Mexico and Chile) and initiating systems to businesses in Australia, Turkey and South Africa. It also manufactures and sells industrial chemicals.

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Incitec Pivot Ltd > IPL.UN to IPL - section 85 question

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Comment by MohamadJ5on May 12, 2021 3:30pm

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Post# 33184590

RE:RE:IPL.UN to IPL - section 85 question

SargeX wrote: I'm in the same boat and did the roll-over as well. I'm pretty sure you just use your original ACB as that was the whole point of filling out the form.

I'm doing that anyway.

Ciao
Sarge

Rakaposhi wrote:
A number of years ago, when IPL.UN became IPL, we had the option to roll over taxes using section 85. I can't seem to find an online example of the use of section 85 for publicly traded unit trusts. Since the ACB we were assigned at the time was massively higer, the paper gain was quite huge. Now that the shares are well below that, how do I treat the ACB? Am I on the hook for the paper gain at the time? Same as with exercised options that later crash? Or do I use my original ACB to calculate gain or loss? Or the ACB assigned at the time of roll over?