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