Incitec Pivot Ord Shs T.IPL

RE:RE:Brookfield files Revised Takeover Bid

[Oldfart74]

Ariahp wrote: OLDFART74
You said: I expect most shareholders will take the $20 Cash Offer.

Do you for once understand the Tax impications of taking the cash verses a TAX Free Rollover with the PPL offer.

If by chance BF wins, I will take shares and immediately sell them to buy PPL. I just do not want to pay Capital Gains on the cash offer.

If you dont read my old posts on this subject.

Unfortunately, you are confused on tax matters. You are entitled to exchange your IPL share for shares in BIPC on a tax deferral basis basis. The adjusted cost basis (ACB) of your new BIPC shares is the ACB of your old IPL shares. However, when you immediately sell the BIPC shares to buy PPL, you trigger a capital gain. Your capital gain is the excess of the sale proceeds of BIPC shares over the ACB.