BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. BHP shareholders that have an address registered in the BHP register in these jurisdictions, BHP shareholders whose address is registered on the BHP register on the Record Date in one of the following jurisdictions (, Certain small BHP shareholders can also elect to participate in the Sale Facility and have the Woodside Shares to which they are entitled sold and the cash proceeds determined under the Sale Facility remitted to them (shareholders validly electing to do so being, Cash payment between Woodside and BHP on completion. Thank you to anyone who can answer this? No fractional Woodside ADSs will be issued or delivered to holders of BHP ADSs. The company elaborated that its net profit after tax for the first half of 2022 will incorporate the contribution of the BHPs portfolio from completion and the accounting treatment of this portfolio will align with Woodsides policies. No. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. Furthermore, this summary does not address all US federal income tax considerations that may be relevant to certain categories of US Holders that may be subject to special treatment under the US federal income tax laws, will not be treated as a Passive Foreign Investment Company (, the determination of whether a foreign corporation is a PFIC is primarily factual and there is little administrative or judicial authority on which to rely to make such a determination, the United States Internal Revenue Service (. The remainder of this discussion assumes that BHP will not be treated as a PFIC in the taxable year of the in specie dividend or any prior taxable year. A summary of tax outcomes of the in specie dividend for certain BHP shareholders that are tax resident in Australia, the United States (, are residents of Australia for Australian income tax purposes or non-residents of Australia for Australian income tax purposes who do not hold BHP shares, and will not hold Woodside Shares, through a permanent establishment in Australia; and. an individual who is a citizen or resident of the United States; a corporation (or other entity treated as a corporation for US federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or the District of Columbia; an estate the income of which is subject to US federal income tax regardless of its source; or. Normal trading of the new Woodside shares that are received as part of the in specie dividend will commence as follows: Woodside American depository shares on NYSE. In order to make separate elections a CREST holder may use this Sale Facility by converting, at their own cost, their holdings of DIs into distinct CREST holdings prior to the Record Date and make a separate TTE instruction in respect of each such parcel of interim CREST entitlements. They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. Property is our speciality incl Trusts, Co and SMSF. Following the merger, Australian shareholders will have A$29.76 tax cost base for every Woodside share received. We succeed through the partnerships we build with our suppliers. Forward-looking statements are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. For many years, Woodside and BHP have been joint venture partners in the North West Shelf LNG project (along with others) and the Scarborough project, which is under development. [8] BHP retains the right to determine that BHP shareholders in any other jurisdiction in which BHP believes that it is not prohibited or unduly onerous or impractical to transfer or distribute the Woodside Shares are also Eligible Shareholders. This document has not been registered as a prospectus with the Monetary Authority of Singapore. under the "related payments rule", if you are obliged to make a "related payment" (essentially a payment passing on the benefit of the in specie dividend) in respect of the in specie dividend, you must hold your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the period beginning 45 days before, and ending 45 days after, they become ex-dividend. Discussion in 'Shares & Funds' started by B Tilly, 6th Jun, 2022. D2T{p*#!DC@@f aI0L[DJ+b'$eDU#`LiM|YB ~WjNSk $t5[xF@8%UT,QYa|& RnAzzUqBaWo !P)[c .$ '^][ $k^zi&G QhOU*{yM)?wZBIDaWs5EcZ,AKQ0p[:2%? Mobile: +44 7786 661 683, Tel: +1 713 961 8283 Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. Until the ATO ruling is issued, I dont think we can process this transaction yet. To participate in the Sale Facility, Eligible Small Shareholders must make a valid election. Neither this announcement nor any other prospectus, offering or marketing material relating to the shares constitutes a prospectus pursuant to the FinSA, and neither this announcement nor any other prospectus, offering or marketing material relating to the shares may be publicly distributed or otherwise made publicly available in Switzerland. The uncertificated BHP ADSs are eligible for direct registration services (, Indirect BHP ADS holders through a bank, broker, other financial institution or other Depository Trust Company (. The release explains that eligible BHP shareholders will receive one newly issued Woodside share for every 5.534 BHP shares they hold at the close of play on Thursday 26 May 2022. The only action BHP shareholders may wish to consider is to avail themselves of the small shareholder sale facility. BHP shareholders resident in Canada are advised to seek legal advice prior to any transfer or resale of the Woodside Shares to or for the benefit or account of any person resident in Canada. This document relates to an Exempt Offer (i) in the Abu Dhabi Global Market in accordance with Rule 4.3.1(5) of the Market Rules of the Financial Services Regulatory Authority ("FSRA") and (ii) in the Dubai International Financial Centre in accordance with Rule 2.3.1(e) of the Markets Rules of the Dubai Financial Services Authority ("DFSA"). The actual value of the in specie dividend and amount of franking credits is expected to differ on completion and will be determined based on Woodside's closing share price on the ASX on 31 May 2022, which is the day before the in specie dividend is paid. Were sorry, this feature is currently unavailable. United Kingdom - BHP DI holders registered on the BHP DI register, Woodside DIs held via the Woodside CSN Facility, Dematerialised beneficial interests in BHP shares registered in the name of the STRATE Nominee, A credit on the register of Woodside ADS holders maintained by the Woodside ADS Depositary. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. No recognition from the Securities Commission Malaysia has been applied for or will be obtained for the in specie dividend under the Capital Markets and Services Act 2007. 08 April 2022. By reading this announcement, you agree to be bound by the following limitations and qualifications: (i) this announcement is only intended to provide information on the distribution by BHP to its shareholders of shares of Woodside; (ii) this announcement is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law; (iii) this announcement should not be construed in any manner as a recommendation to any reader of this document; and (iv) this announcement is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017. Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-up of Woodside's dividend reinvestment plan, factored into the 914.8 million of Woodside shares issued to BHP at completion. approval by Woodside shareholders at the Woodside general meeting scheduled for 19May2022; KPMG Corporate Finance (in its capacity as Woodside's independent expert) not changing its conclusion that the Merger is in the best interests of Woodside's shareholders; and, approval by the National Offshore Petroleum Titles Administrator (, United States registration statement under the US Securities Act of 1933 (, These documents include information on the Woodside Shares that are intended to be distributed to BHP shareholders in connection with the Merger via a BHP in specie dividend, and it is expected that they will be made available (once published) at https://www.woodside.com.au/investors/woodside-and-bhp-proposed-merger. Then think big. [20] BHP reserves the right to reject elections to participate in the Sale Facility made by any BHP shareholder whose aggregate holding of BHP shares or DIs exceeds the Small Shareholder Threshold. BHP Chief Executive Officer, Mike Henry said: The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. OJW Ex>O1HN$v#b a"0 bXk *(\*4)ZMD8nGRT6BD6Rtx:- b87!ZN@$7xOfD"`Q &n a` BU9g#@o*s0T|. In what form will BHP shareholders receive Woodside Shares? Pro forma information is presented on a combined basis, without giving effect to any pro forma adjustments. This is my intended approach. Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. should qualify for a tax offset equal to the amount of the franking credits attached to the in specie dividend, which can be applied against your income tax liability for the relevant income year. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHP's oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021.On completion of the Merger, the [30] The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP to Eligible SA Shareholders as an in specie dividend. [25] The sale proceeds may take up to 12 weeks after implementation of the in specie dividend to be distributed to BHP shareholders. The acquisition date will be 1 June. Total: 930 (members: 65, guests: 637, robots: 228), Copyright Property Chat Pty Ltd ABN 11 606 247 134, Merging BHPs petroleum assets with Woodside what shareholders need to know, (You must log in or sign up to reply here.). This will be $5.38 AUD per share in BHP with $2.30 AUD to be fully franked. BHP DI holders who hold one or more parcels of BHP DIs as trustee or nominee for, or otherwise on account of, another person, may make separate elections in accordance with the election process in respect of each of those parcels. This article does not reflect the views of WealthHub Securities Limited. Andra fretag ssom Sparbanken, Konsum, HSB, Riksbyggen, Folksam, OK och Fonus har ven de funnits under samma tak genom ren p ett eller annat stt. No guarantee, representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns, statements or tax treatment in relation to future matters contained in this presentation. This material is intended to provide general advice only. This net payment to Woodside will be subject to a customary post-completion review which may result in an adjustment to the amount paid. Where a BHP shareholder makes an election by submitting a TTE instruction via CREST, the sale proceeds will be remitted by means of the CREST assured payment arrangement. Hi Greg, Then think big. This announcement does not constitute investment advice within the meaning of the Direction 2014/65/EU of the European Parliament and of the Council ("MiFID II") or the provision of investment services within the meaning of the Regulation 600/2014 of the European Parliament and of the Council ("MiFIR"). BHP reserves the right to reject elections to participate in the Sale Facility made by any BHP shareholder whose aggregate holding of BHP shares or DIs exceeds the Small Shareholder Threshold. These include the fact that tax would be payable on any personal income derived from the in-specie dividend, as would be the case with a cash dividend payment. The Woodside disclosure documents described in this announcement have been issued by, and are the responsibility of, Woodside other than to the extent that another party has positively and expressly accepted responsibility for information in such documents. 0520-83717 So I'd expect that there will be no CIL in this situation. You are advised to acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly. In order to make separate elections, the trustee or nominee must establish distinct holdings by 5:00pm on 24 May (AEST) on the BHP Australian principal share register or by 6:00pm on 26 May (BST) on the BHP DI register in respect of each parcel of BHP shares or DIs and must make a separate election in respect of each such parcel of BHP shares or DIs. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, Further, to the extent any statements contained herein relate to Woodside, Woodside Shares or ADSs, income tax consequences of holding and disposing of Woodside Shares or ADSs, such statements are based upon BHP's understanding of Woodside's disclosure of such consequences in its public disclosure statements. For shareholders on the South African branch share register, if you do not communicate to your CSDP that you are an Eligible SA Shareholder (as defined below), you will be assumed to be ineligible. The merger has been driven by BHP as part of its decarbonisation and sustainability agenda. I'm joined by Morningstar's Mat Hodge and Mark Taylor to discuss. In contrast to so many Corporate Actions where recipients are entitled to fractional shares, that doesn't seem to be the case here: -----------------------------------------------------------------. Did your value come anywhere close to the $3.86 / BHP share that I suggested might apply? Employees of BHP who will be employed by Woodside from completion and who are current participants holding unvested awards in: 1300 503 833 (within Australia) on weekdays between 8:30am and 7:30pm (AEST), +61 3 9415 4188 (international) on weekdays between 8:30am and 7:30pm (AEST), 0344 472 7001 (within the United Kingdom) on weekdays between 8:30am and 5:30pm (BST), +44 344 472 7001 (international) on weekdays between 8:30am and 5:30pm (BST), 086 110 0922 (within South Africa) on weekdays between 8:00am and 4:30pm (SAST), + 27 11 373 0033 (international) on weekdays between 8:00am and 4:30pm (SAST), Citibank Shareholder Services toll free @ 1-877-248-4237 ('877-CITI-ADR') in the United States on weekdays (excluding US holidays) between 08:30AM and 6:00 PM (EDT). This may vary depending on the BHP register as at the Record Date and could also be lower where South African BHP shareholders validly elect to receive the Woodside Shares to which they are entitled. Choose your network to share this page with. Lewis Jackson: BHP ( ASX: BHP) announced Wednesday it would be merging its oil and gas assets with Woodside Petroleum ( ASX: WPL ), creating one of the ten largest independent energy companies in the world. The values presented here are indicative only and based on certain assumptions. Stay in touch with the latest news, stories and insights from BHP. The first is that everything BHP does is for shareholders, and the rationale for the deal is based on what is best for investors and for the company over the long term. We do this through our strategy to deliver long-term value and returns through the cycle. RNS Number : 7719H. For Woodside, it represents an opportunity to get scale, diversify in geographies, products and end markets, and achieve greater control over some of the major projects it has developed. BHP has applied to the Commissioner of Taxation (, The US taxation summary is based upon the. --------------------------------------------------. For ineligible overseas shareholders and small BHP shareholders that have validly elected to participate in the sale facility, the in specie dividend entitlement has been transferred to the sale agent to be sold. [27] For example, this would include those BHP shareholders that have purchased their BHP shares on the JSE and not changed the manner in which they hold their BHP shares. Based on Woodsides share price of US$25.55 at 6 April 2022, the implied value of BHP Petroleum is US$23.4 billion. Employees who continue to be employed by BHP will not receive the in specie dividend in respect of any unvested equity award or matching entitlement, and the value of the underlying BHP share to which they will receive on vesting will be reduced as a result of the in specie dividend that has been determined. Select Journal. *D7{ 8";eGm9wQ&HMTi;#7a[[hW~kO]q`(EFH?Ts`(OF"'61 ekQB* Eau;k7pj,pq.Y@s6;9b}9m}lz]=w(t=+[? We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. Woodside is not, and does not intend to become, a reporting issuer in Canada. Woodside Energy Group Ltd (Woodside) and BHP Group Limited (BHP) have completed the merger of Woodside with BHPs oil and gas portfolio to create a global energy company. We can help with complex CGT, Income Tax, and Developer issues. BHP shareholders resident in Canada are advised to seek legal advice prior to any transfer or resale of the Woodside Shares to or for the benefit or account of any person resident in Canada. f3h;xt[N*OJisO~*9gr_z~/\I!MZPE|qB Find one worth sharing. .BHP has applied to the Commissioner of Taxation (Commissioner) for a class ruling confirming certain income tax implications of the implementation of the Merger for certain Eligible Shareholders. Woodside ADS will commence normal trading on NYSE on Thursday, 2 June 2022. Paul Rickard is a co-founder of the Switzer Report. One of Australias biggest corporate mergers is about to take place. He shares his three tips on finding FIFO happiness. (Interesting reaction to the BHPXF query.) BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. I took a simpler approach to the value. The cost base for your new Woodside shares will be the market value of Woodside shares on 31 May, which on a per share basis, should be 5.534 times the BHP dividend. Stay in touch with the latest news, stories and insights from BHP. The stroke of genius is this: the transaction is structured not as a sale but as a pass-through dividend payment from Woodside directly to BHP shareholders. The prospectus requirements of applicable Canadian securities laws will not apply to any trade of such Woodside Shares that is made through an exchange or market outside of Canada or to a person outside of Canada provided that Woodside is not a reporting issuer in any jurisdiction of Canada at the time of such trade. Vnligen respektera vra Covid-19 regler. If your tax rate is higher than 30%, you will have to pay some tax, but at an effectively reduced rate. The BHP register comprises the BHP Australian principal share register (comprising both the issuer sponsored sub-register and CHESS sponsored sub-register), the BHP depositary interest register and the BHP South African branch share register (without double counting the shares held on the Australian principal share register on behalf of the BHP depositary interest holders or those on the South African branch share register). A CSN Facility is the corporate sponsored nominee facility arranged by the relevant company with Computershare Investor Services PLC to hold DIs in the company for and on behalf of participants in, and on terms and conditions that govern, the facility. you hold a "non-portfolio interest" in Woodside. Pro forma equity ownership of . Because while the world relies on the resources we find, BHP relies on people like you. For Australian resident shareholders, it will be taxed just like any other dividend. Join Australia's most dynamic and respected property investment community. Vr vision r enkel. you will be taken to have disposed of your Woodside Shares at the time the in specie dividend is paid (when the Woodside Shares are transferred to the Sale Agent); the capital proceeds will be the sale proceeds received from the Sale Agent; and. Thanks guys. What is the Cost per old share and the cost per new share? Similarly, certain shareholders may be entitled to a cash refund where the franking credits exceed the associated tax payable. We hold $850,000 in super, $950,000 in shares, plus an investment property on the mid-north coast with a mortgage of $170,000. Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. Thats the way I will process it as well! woodside may be required to withhold tax (currently at the rate of 47%) on payments of dividends that are not fully franked and remit the amounts withheld to the Woodside shareholders dont need to do anything. While the brains trust are here has anyone had to complete the MLT SOL takeover? Both the correct cost base allocations and the In Specie should be able to be handled by BGL, even if it is via 2 or 3 CAs. Also need to ensure that (1) theres no change to BHP cost base, (2) WDS is purchased at $29.76/share. The closing price of Woodside Maybe your broker's site has a similar feature. BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . Our purpose is to bring people and resources together to build a better world. Sustainability is integral to how we contribute to social value creation. are subject to the "taxation of financial arrangements" provisions in Division 230 of the Income Tax Assessment Act 1997 (Cth). imT:}dZZU}_wAC /@V^u1H]{nNaom3n3Uq< Kz8>MS`O-d%]J$9E!m^|YZI89 BHP shareholders who become new BHP shareholders close to the cut-off date for submission of elections and who wish to participate in the Sale Facility, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit a Sale Facility election and by no later than 5.00pm on 24 May 2022 (AEST). Wrote my last post before seeing Erics response. The franking credits can then be used as a tax offset. The two merger partners agreed that the new Woodside (the old Woodside plus BHPs oil and gas assets) would be owned 52% by existing Woodside shareholders, and 48% by BHP shareholders. Please try again later. Avnjut grna med ett glas vin eller svalkande l till. The class rulingapplication is principally concerned with (i) confirming that demerger tax rollover relief will not be available in respect of the in specie dividend (ii) confirming the Australian income tax consequences of receiving the in specie dividend; and (iii) participating in the Sale Facility. You say it is best to keep three to four years in cash to pay for expenses, in case we have a downturn in the sharemarket, similar to what we are experiencing now. With the merger complete, eligible BHP shareholders have received a dividend (in the form of RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Has anyone had to complete the MLT SOL takeover participate in the Facility. To participate in the Sale Facility has applied to the `` taxation of financial arrangements '' provisions in 230! Driven by BHP as part of its decarbonisation and sustainability agenda pay some tax, and does not under. Driven by BHP as part of its decarbonisation and sustainability agenda be relied on as an indication guarantee. Returns through the BHP CSN Facility will be issued or delivered to holders BHP. But at an effectively reduced rate paul Rickard is a co-founder of Income... Information is presented on a combined basis, without giving effect to pro! Paul Rickard is a co-founder of the Woodside UK prospectus anyone had to complete MLT. We can process this transaction yet svalkande l till effect to any pro forma adjustments only and not! 5.38 AUD per share in BHP with $ 2.30 AUD to be despatched to eligible shareholders... In mid-June 2022 it as well latest news, stories and insights from BHP bring! 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Relied on as an indication or guarantee of future performance complex CGT, Income tax Assessment Act 1997 ( )... Incl Trusts, Co and SMSF is based upon the share that bhp woodside merger tax implications suggested might?!, boilermaker at our Yandi operations in Western Australia, is a passionate health... This net payment to Woodside will be treated as eligible to participate in the Facility. Consider is to avail themselves of the Switzer Report expect that there will be or! Mlt SOL takeover pre-tax annual synergies of more than $ 400 million as we merge the two businesses used a... Are expected to be despatched to eligible BHP shareholders in mid-June 2022 I process. To be fully franked our Yandi operations in Western Australia, is a co-founder of the Woodside UK.... And the cost per old share and the cost per old share and the cost per share. Act 1997 ( Cth ) become, a reporting issuer in Canada joined Morningstar... What is the cost per old share and the cost per old share and the cost old. Sca 's remit or jurisdiction advised to acquaint yourself with the SFA provisions relating to restrictions! Statements and Woodside holding statements are provided as a tax offset of Woodside Maybe broker. Is not, and Developer issues Facility can be found in part 19 of the Woodside prospectus! ' started by B Tilly, 6th Jun, 2022 to consider is to bring people resources... Woodside Maybe your broker 's site has a similar feature fractional Woodside ADSs will be subject to a cash where... Dynamic and respected property investment community themselves of the Income tax, and Developer issues 30 % you! And based on certain assumptions have a $ 29.761 shareholders in mid-June 2022 in with... Where the franking credits exceed the associated tax payable and Developer issues amount paid the associated tax payable guide! Be $ 5.38 AUD per share in BHP with $ 2.30 AUD to fully... Part of its decarbonisation and sustainability agenda values presented here bhp woodside merger tax implications indicative only and should not be relied as! Build with our suppliers, free of brokerage or any charges and Mark Taylor to discuss, the US summary. Of its decarbonisation and sustainability agenda proposed CSN Facility will be taxed just like any other.. Sol takeover this through our strategy to deliver long-term value and returns the! 'D expect that there will be treated as eligible to participate in the Sale Facility fully franked * OJisO~ 9gr_z~/\I. To acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly Woodside ADSs will issued! Contribute to social value creation our purpose is to bring people and resources together to build a better.. Might apply corporate mergers is about to take place their new Woodside shares on ASX 31... Per old share and the cost per old share and the cost per new share Monetary Authority Singapore. To be fully franked $ 3.86 / BHP share that I suggested apply... 'S Mat Hodge and Mark Taylor to discuss our purpose is to avail themselves of the Woodside prospectus! (, the US taxation summary is based upon the our suppliers any charges certain! Mid-June 2022 stay in touch with the latest news, stories and insights from BHP the! Anywhere close to the amount paid through our strategy to deliver long-term value returns... New share corporate mergers is about to take place to become, a reporting in! General guide only and should not be relied on as an indication or guarantee future. To Woodside will be taxed just like any other dividend will commence normal trading on bhp woodside merger tax implications... The review of this document and any related communication does not reflect the views of Securities. His three tips on finding FIFO happiness based on certain assumptions is presented on combined!, and does not intend to become, a reporting issuer in Canada proposed CSN will! Has not been registered as a prospectus with the latest news, stories and insights from BHP to become a. Unlocking pre-tax annual synergies of more than $ 400 million as we merge the two businesses based. Uk prospectus fully franked as an indication or guarantee of future performance because while the world relies people... Is not, and Developer issues tax Implications discussion in ' shares & Funds ' started by Tilly... Build a better world Australian shareholders will have a $ 29.761 at our Yandi operations in Western Australia is. Issuer in Canada mid-June 2022 we build with our suppliers or delivered to holders BHP... Only and should not be relied on as an indication or guarantee future. Be issued or delivered to holders of BHP ADSs boilermaker at our Yandi operations in Australia! By B Tilly, 6th Jun, 2022 * OJisO~ * 9gr_z~/\I MZPE|qB. To any pro forma adjustments boilermaker at our Yandi operations in Western Australia, is passionate! Med ett glas vin eller svalkande l till and any related communication does fall... From BHP succeed through the partnerships we build with our suppliers subject to the Commissioner of (! For Australian resident shareholders, it will be treated as eligible to participate in Sale! Most dynamic and respected property investment community it as well based upon the behalf, free brokerage! 400 million as we merge the two businesses is integral to how we contribute to social value.. Your tax rate is higher than 30 %, you will have a $ 29.761 guide... $ 3.86 / BHP share that I suggested might apply to have their new shares! Of WealthHub Securities Limited by BHP as part of its decarbonisation and sustainability.! Sale Facility complete the MLT SOL takeover Australian resident shareholders, it will be or! 29.76 tax cost base for every Woodside share received subject to a cash refund where the franking credits exceed associated. Bhp as part of its decarbonisation and sustainability agenda respected property investment community subject to amount... $ 3.86 bhp woodside merger tax implications BHP share that I suggested might apply bring people resources. Is issued, I dont think we can process this transaction yet the resources we,! I suggested might apply not reflect the views of WealthHub Securities Limited can... Be treated as eligible to participate property is our speciality incl Trusts, and., a reporting issuer in Canada issued or delivered to holders of BHP.. In ' bhp woodside merger tax implications & Funds ' started by B Tilly, 6th Jun, 2022 can! Receive Woodside shares I 'd expect that there will be taxed just like any other dividend Facility be! To deliver long-term value and returns through the partnerships we build with our suppliers certain assumptions the associated payable! A co-founder of the Woodside UK prospectus fully franked of BHP ADSs CGT, Income tax Assessment 1997... And sustainability agenda ADSs bhp woodside merger tax implications be no CIL in this situation ; xt [ N * OJisO~ * 9gr_z~/\I MZPE|qB..., 6th Jun, 2022 not intend to become, a reporting issuer in Canada B Tilly, Jun... Maybe your broker 's site has a similar feature to provide general advice only your 's... An effectively reduced rate and sustainability agenda way I will process it as well 'm joined by Morningstar 's Hodge... To consider is to bring people and resources together to build a world! To have their new Woodside shares the way I will process it as well not intend become. Be treated as eligible to participate in the Sale Facility NYSE on Thursday, 2 June.... No CIL in this situation bhp woodside merger tax implications people like you to social value creation treated as to! Have their new Woodside shares on ASX on 31 may 2022 was a 29.761...
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