On 29 January 2021, the parties to the Woolworths Class Action announced that they had reached an agreement to settle the class action. This is equal to the reduction in cost base of the WOW shares (which are reduced to $8581) The Implemntation date of 1 July Market value close was $6.37 for EDV shares, as per Ruling point 9 - "On the Implementation Date, CGT . Employment-related securities is often an after-thought when structuring a demerger. Your Woolworths Limited in-specie distribution advice will tell you these amounts. This is clearly marked. An argument can also be put forth that since depreciation on goodwill is not allowable on account of the amendment, it becomes imperative to carve out goodwill from other intangibles which as a matter of practice may have been clubbed in a common basket and termed as goodwill in the financial statements. . The Act also provides that while determining the book value of property, any change in the value of assets consequent to their revaluation needs to be ignored. Stacey acquired 2,000 Woolworths shares in 2002 and worked out their total cost base including brokerage was $23,000.00, or $11.50 each. Taxability of gains from remission of liability, Allowability of expenses on amalgamation or demerger, Carry forward of losses of transferor company, Actual cost, written-down value (WDV) and depreciation in respect of capital assets transferred, Actual cost in respect of stock-in-trade transferred, Tax in the hands of the transferee company under the head Income from other sources, Tax in the hands of the amalgamated or resulting company on issuance of shares, Disallowance under Section 43B of the Act. Some were via DRP, and some were bought outright via broker. Shares include equity shares and preference shares. https://help.sharesight.com/au/how-to-handle-woolworths-and-endeavour-demerger/. Is this something we are still waiting information on? Step 2: Neville must reduce the cost base of each of his Woolworths shares by the capital return amount of $0.14598558 for each share for which he received a SCA Property Group stapled security. The SC in K.H. Using an NPAT split of 80% and 20%, and a current Woolworths share price of $42.00, this would imply a split post demerger of a new Woolworths share being worth $33.60 and an Endeavour Share being worth $8.40. // -->