ACX aconex limited

Ann: Becoming a substantial holder from MQG, page-4

  1. 253 Posts.
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    What to do with the proceeds of the takeover?

    ASX TOX just announced a 58 cent, special dividend. Scheme implemented april 30th.

    $2.845 cash
    $0.58 dividend
    $0.2485 tax credits
    Plus $0.60+ a share tax loss. Can off set those Aconex gains.
    Payout april 30th
    Last sale $3.43

    And if you have earnt less than $5,000 in tax credits in a year, the 45 day holding rule doesn't apply (that's what ASIC's website said last year. Note SMSF's aren't a natural person). So you can get your money, rinse it through TOX for 30 days, reduce your tax bill and make profit.

    Unless your personal income rate is above 30% and you held ACX for more than 12 months, then you pay more.

    But if your quick maybe the trick can be repeated with MTR or LHC
 
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