On Wed 1.11.17, the ATO  issued Class Ruling CR 2017/74 (Spicers Ltd – CGT treatment of disposal of PaperlinX Step-Up Preference Securities in exchange for Spicers ordinary shares). The Ruling discusses the CGT consequences of CGT event A1 happening when unitholders of PaperlinX SPS Trust exchanged their units for ordinary shares in Spicer Ltd.

DATE OF EFFECT: The Ruling applies from 27 June 2017 (when CGT event A1 occurred) to 30 June 2017.

[ATO website – CR 2017/74; LTN 209, 1/11/17; TM Nov 2017]

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