Stock cost basis

[Black Flag]

My Coles Myer stock is now Wesfarmers due to a takeover or something.

My question is... is the cost basis of my Wesfarmers stock still the initial cost of the Coles Myer stock? or does the takeover change that?

 

[Eagle87]

My Coles Myer stock is now Wesfarmers due to a takeover or something.

My question is... is the cost basis of my Wesfarmers stock still the initial cost of the Coles Myer stock? or does the takeover change that?

Depends which option you took. It appears each of them resulted in some cash being paid to you?

This link should solve your problem its to the ATO Fact Sheet which explains the outcomes by option and also links through to a Class Ruling that shows you how to determine your tax position and also some roll-over worksheets.

http://www.ato.gov.au/individuals/content.asp?doc=/content/00149176.htm