RE:Total CGT = C$7.9m per NR extract belowJRafflesUK wrote: C$ 1.5m - CGT Tranche 1 NFG
C$ 6.4m - CGT Tranche 2 NFG
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C$7.9 - Total CGT on sale of NFG after tax loss deductions per NR (extract below)
Tax payable of $1.5 million represents the estimated capital gains tax payable in Canada on Tranche 1 after application of Novo’s available Canadian tax losses. Deferred tax liabilities represent the Company’s estimate of capital gains tax payable on the fair value of the Company’s marketable securities. Approximately $6.4 million of this deferred tax liability relates to the capital gains tax payable on Tranche 2 and will be reclassified to tax payable during Q3 2022. The Company is in the process of determining its aggregate capital gains tax liability and intends to apply available tax losses in order to decrease any amount payable.
Good find. And payable in Feb.
Bucco