The ATO on Wed 19.6.2013, released Class Ruling CR 2013/47 (Scrip-for-scrip: exchange of shares in Xstrata plc for shares in Glencore International plc). It applies from 1 July 2012 to 30 June 2013. Broadly, the Ruling states that Xstrata shareholders who made capital gains on their shares being cancelled or transferred are eligible to choose scrip-for-scrip rollover under Subdiv 124-M of the ITAA 1997 to disregard the capital gains made.
[LTN 116, 19/6/13]