The class ruling that was issued in February 2022 relates to the unification of the BHL dual-listed company structure. This document does not constitute investment advice or the provision of investment services within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. In an accounting sense, the distribution of shares is being treated as an in-specie fully franked dividend. Gentlemen, thanks for being here today. Paul was the founding Managing Director and CEO of CommSec, and was named Australian Stockbroker of the Year in 2005. recognition of a US$210 million impairment charge in the BHP Petroleum balance sheet in the pro forma financial information for the combined group. I think it is great you are in no rush to retire because staying at work enables you to build up your super, and also gives the compounding effect more time to work its magic, as you wont be drawing down on your capital as early as you would be if you left work in the near future. As we noted; a brilliant deal, cleverly structured. The South32 shares have since begun trading independently from BHP Billiton shares. 48% BHP . Completion of the Merger is on track and is targeted for 1 June 2022, subject to satisfaction of conditions precedent including approval by Woodside shareholders. Thank you to anyone who can answer this? q>r/F"`:0~ 8O n>F=Ae6PkQ_C>qt8%" QH,-kU=,l.6Imqo8 sRh>%JetD?o;az5-0xA Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. Is there anyone who can give me the actual numbers for the BHP spinoff that I can enter into Quicken? 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. {: di_ The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). [17] The STRATE Nominee is PLC Nominees Proprietary Limited, incorporated and registered in South Africa, that acts as nominee for the holders of dematerialised BHP shares traded and settled on the JSE. The current estimate of the dividend entitlement is that BHP shareholders will receive one Woodside Share for every 5.5340 BHP shares. Menyn komponeras och kvalitetsskras av vr duktiga kock som i sin tur verfr kunskaperna till vrig kkspersonal. The broker market analysts are positive on the merger, and this has been one of the reasons why Woodsides share price has risen strongly since it was announced .While the share price rise has been mainly driven by a higher oil price, the merger improves Woodsides asset base and has the potential to improve cash flow and deliver operating synergies. If your tax rate is higher than 30%, you will have to pay some tax, but at an effectively reduced rate. Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. Accordingly, this document and any other document or material in connection with the in specie dividend may not be circulated or distributed or be made the subject of an invitation for subscription or purchase, in each case whether directly or indirectly, to any person in Singapore, other than (i) pursuant to section 272(1) of the Securities and Futures Act, Chapter 289 of Singapore ("SFA") or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. Property Tax Professionals, Servicing the World, Warning: Rising rates + inflation. inclusion of intercompany and cash balances that were excluded from the BHP Petroleum net assets disclosed as 'held for sale' in BHP's half year financial report; additional depreciation expense of approximately US$150 million, as depreciation has not been recognised by the BHP Group from the point in time that BHP Petroleum was classified as 'held for sale' following the signing of the SSA in November 2021; and. 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. Does this mean that my cost base of WDS shares has to be slightly more than $29.76 to have Lloydys transactions balance? Can be up to $29.75 difference. Completion of the Merger is on track and is targeted for 1 June 2022, subject to satisfaction of conditions precedent including approval by Woodside shareholders. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). Idag finns Arbetarfreningen p vre plan medan Caf Strandgatan har hela nedre plan samt uteserveringen under sommarmnaderna. 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.). BHP does not take any responsibility in connection with a BHP shareholder's nomination to be an Eligible SA Shareholder, and each BHP shareholder nominating as an Eligible SA Shareholder must satisfy itself that they are permitted to receive Woodside Shares or Woodside DIs, including by seeking the advice of professional and legal advisers. Thanks, Lloydy, you make a lot of sense.Will try your approach. BHP shareholders who become new BHP shareholders closer to the cut-off date for submission of elections and who wish to nominate that they are an Eligible SA Shareholder, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit such an election, and by no later than 5.00pm on Tuesday, 24 May 2022 (AEST); Eligible SA Shareholders from the BHP South African branch share register who receive Woodside Shares on the Australian principal share register and who wish to trade these on the ASX in Australia after completion, should verify if their current broking arrangements are suitable, and if not engage a suitable Australian broker to trade on the ASX. 375 of 2017) (as amended) of Ireland, and the recipients of this document should seek independent legal and financial advice in determining their actions in respect of or pursuant to this document. Based on the assumptions described in this announcement, upon implementation, BHP ADS holders as of the Record Date for BHP ADS, which is expected to be 5:00pm on 26May 2022 (EDT), are expected to be entitled to receive approximately 0.3614 of a Woodside ADS in respect of each BHP ADS owned at that time (subject to payment of taxes and applicable fees and expenses of Citibank, N.A , acting as the depositary of each of the BHP and Woodside ADSs (the. , issuing new Woodside shares to BHP shareholders. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. Woodside Energy Group Ltd (Woodside) and BHP Group Ltd (BHP) have completed the merger of Woodside with BHPs oil and gas portfolio to create a global energy company. Choose your network to share this page with. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. Great information flowing here. 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. No. (If it kept them, it wouldnt achieve its decarbonisation and sustainability objectives). United Arab Emirates (UAE): This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. A share sale facility will be in place for eligible small BHP shareholders who elect to participate, and for shareholders who are ineligible to receive Woodside Shares. 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. Paul Rickard is a co-founder of the Switzer Report. A BHP spokesperson points out there are two key points to make relating to the merger. At this valuation, which is subject to change, the in specie dividend would be US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total). This is my intended approach. 1,000 BHP shares and you get 180 Woodside shares. If a BHP shareholder holds one or more parcels of BHP shares or DIs as a trustee or nominee for, or otherwise on account of, another person, that BHP shareholder may make separate elections in accordance with the election process in respect of each of those parcels. Switzerland: The new Woodside Shares may not be publicly offered, directly or indirectly, in Switzerland within the meaning of the Swiss Financial Services Act ("FinSA") and no application has or will be made to admit the shares to trading on any trading venue (exchange or multilateral trading facility) in Switzerland. For most shareholders, there will be rounding down of up to $29.76. #$r{h`}Xp$3t/[6b8X`-,B- ;%Z]*S{glj^p"*r hI DRMf]5CkH+Tva (W~Gm\}J-035f"xwwF:SNc`|KN This will be $5.38 AUD per share in BHP with $2.30 AUD to be fully franked. (Interesting reaction to the BHPXF query.) Any offer is not made to you with a view to the Consideration Shares being subsequently offered for sale to any other party. Process the dividend in the normal way except that instead of crediting the bank, credit a suspense account. It will be fully franked, with franking credits of $2.48 per share. Completion of the Merger is on track and is targeted for 1 June 2022, subject to satisfaction of conditions precedent including approval by Woodside shareholders. Happy to wait but enjoying the sharing of info. This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. At this valuation, the in specie dividend is approximately A$5.38 (US$3.86), with A$2.30 (US$1.66) of franking credits being distributed, per BHP share. shareholders reflective of assets contributed. 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. NEWS RELEASE. hp 19a toner compatible printers menu menu [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. Does the amount of cash held include dividends received in any given year, or are the dividends in addition to the cash amount? Our purpose is to bring people and resources together to build a better world. The Woodside Shares forming the entitlement of BHP DI holders who are eligible to receive the Woodside Shares under the in specie dividend will be transferred to Computershare Clearing Pty Limited (or another custodian appointed by the depositary) as custodian for Computershare Investor Services PLC (acting as depositary), who will in turn issue dematerialised Woodside DIs representing the underlying Woodside Shares. Nothing in this document constitutes investment, legal, accounting, or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal recommendation to you. This would enable you to maximise the amount you are salary sacrificing to super. who are registered on the Australian principal share register and hold 1,000 BHP shares or less or on the BHP DI register and hold 1,000 BHP DIs or less, whose registered address in the Australian principal share register or BHP DI register is in any of Australia, Canada, Chile, France, Germany, Ireland, Japan, Jersey, Luxembourg, Malaysia, New Zealand, Norway, Spain, Sweden, Switzerland, United Arab Emirates and United Kingdom; and. The Corporate Action does nothing to address the In Specie div. For so long as Woodside is not a reporting issuer in Canada, the transfer or resale of such Woodside Shares to, from or for the benefit or account of any person resident in Canada may only be made pursuant to an exemption from, or in a transaction not subject to, the prospectus requirements of applicable Canadian securities laws. Ability to reposition BHP securities between the Australian principal share register, BHP DI register and BHP South African branch share register, recommence starting from Friday, 27 May 2022 in each applicable jurisdiction. Singapore: This document has not been registered as a prospectus with the Monetary Authority of Singapore. US INVESTORS AND US HOLDERS OF WOODSIDE AND BHP SECURITIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROSPECTUS AND OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER AND IN SPECIE DIVIDEND (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT WOODSIDE, BHP, THE PROPOSED MERGER AND IN SPECIE DIVIDEND. [14] BHP DI holders will receive their entitlement in the form of Woodside DIs in the same ratio as BHP shareholders receive Woodside Shares on the Record Date (subject to the rounding treatment described above). Choose your network to share this page with. Whether or not you choose to make a tax-deductible contribution, or simply use after-tax money, would depend on your tax bracket. [3] 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. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. Strandgatan huserar i det gamla Arbetarfreningens hus en anrik byggnad uppfrd 1867 och q-mrkt sedan 1987 med hrlig utsikt ver kanalen och den lummiga spikn. 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. It is noted that Division 230 will generally not apply to the financial arrangements of individuals, unless an election has been made for those rules to apply. The Sale Facility is only available to BHP DI holders who meet the Small Shareholder Threshold. Financial results and Operational Reviews, Operational (Scope 1 and 2) decarbonisation, Value chain (Scope 3) greenhouse gas emissions, Carbon offsets and natural climate solutions, Our Global Inclusion and Diversity Council, Additional taxation guidance including the, Additional taxation guidance in respect of market value for New Zealand resident shareholders of BHP Billiton Limited is available, Additional taxation guidance in respect of market value for UK resident shareholders of BHP Billiton Plc is available, Additional taxation guidance in respect of market value for US resident shareholders and ADS holders of BHP Billiton Plc and BHP Billiton Limited is available, Additional taxation guidance in respect of market value for South African resident shareholders of BHP Billiton Plc is available, Additional taxation guidance in respect of market value for Canadian resident shareholders of BHP Billiton Limited is available. Completion of the Merger occurred on 1 June 2022. One of Australias biggest corporate mergers is about to take place. I suggest you keep the investment property with an interest-only mortgage, to maintain any tax benefits it may be giving you. Then think big. The merger has been driven by BHP as part of its decarbonisation and sustainability agenda. If you originally purchased your BHP shares (for say) $30.00, then after the merger, your cost base is still $30.00. Has anyone else received the statement? 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. 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. BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . They can elect to have their new Woodside shares sold on their behalf, free of brokerage or any charges. BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. This represents the cash dividend that would have been received by holders of the Woodside Shares issued pursuant to the Merger had they been on issue on and from the effective date. 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. Mobile: +61 411 071 715, Tel: +44 20 7802 7484 above. BHP Group ( BHP) and Woodside Petroleum Ltd ( Woodside) entered into a share sale agreement ( SSA) for the merger of BHPs oil and gas portfolio 0520-83717 Will keep you informed. Thinking about your next career move? Stay in touch with the latest news, stories and insights from BHP. This is long term, so the tax rate is the same as a dividend. Mark Taylor: The FSRA and the DFSA have no responsibility for reviewing or verifying any documents in connection with Exempt Offers. 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. Then think big. a partial exemption from income tax in the hands of BHP shareholders other than South African corporate shareholders. Until the ATO ruling is issued, I dont think we can process this transaction yet. [15] CREST is the system for the paperless settlement of trades in securities and the holding of uncertificated securities operated by Euroclear in accordance with the relevant system of which Euroclear is the operator. The BHP link shared by Greg above (BHP Petroleum merger with Woodside | BHP) does shed some light on the accounting treatments needed for this corporate action. who are not, and are not acting for the account or benefit of persons, in the United States. 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. We Help People Build Wealth Through Property Investing Using Our System To Buy Top 5% Growth & Positive Cashflow Property Remotely! The purpose of keeping three to four years planned expenditure in cash is to protect you from a situation where you would need to cash in growth assets at a time when the market is having one of its normal downturns. Would this be regarded as a deprived asset? This announcement has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. [32] 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 as an in specie dividend. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. , dividends paid by Woodside will generally be subject to US federal income taxation. This document is being furnished to you on a confidential basis and solely for your information and may not be reproduced, disclosed, or distributed to any other person. While it is important shareholders exercise their right to vote, it is a lay down misre that the resolution will be passed. We provide the materials for essential infrastructure, enabling better standards of living and facilitating greater prosperity. Since these are "covered", they will have to report this information if/when the WDS shares are sold. 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. So, no action is required. [4] Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. Be prepared and put a strategy in place. No. Release Time IMMEDIATE Date 8 April 2022 Release Number 11/22 To make an election in CREST, Eligible Small Shareholders who hold their BHP DIs in CREST should submit (or, if they are a CREST personal member, procure that their CREST sponsor gives) a TTE instruction, which must be properly authenticated in accordance with Euroclear's specifications and must contain, in addition to the other information that is required for settlement in CREST, the following details: the number of interim CREST entitlements to be transferred to an escrow balance, representing the number of BHP DIs for which you wish to elect to sell the entitlement under the in specie dividend; the interim CREST entitlement ISIN AU0000214561; Participant ID of the escrow agent, being 3RA33; member account ID of the escrow agent, being BHPWPL01; intended settlement date. contact name and telephone number in the shared note field. This Sale Facility is described in further detail below. With the merger complete, eligible BHP shareholders have received a dividend (in the form of You may recognise a capital gain or loss for US federal income tax purposes equal to the difference between the US dollar value of the amount that you realise and your tax basis, determined in US dollars in respect of the disposal of your Woodside Shares or Woodside ADSs. The BHP ADS Depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs from 5:00pm Friday, 3 June 2022 (EDT), following payment of the in specie dividend. They really should be able to work this out! BHP ADS holders will be treated as eligible to participate. .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 AGM to approve merger - Thursday 19 May, Last day BHP shares trade cum distribution - Tuesday 24 May, Small shareholder sale election deadline - Tuesday 24 May, BHP shares trade ex distribution - Wednesday 25 May, Completion/dividend payment date - Wednesday 1 June, New Woodside shares trade on the ASX - Thursday 2 June. Received some Woodside Shares from the recent merger. Woodside and BHP also plan to file other documents with the SEC regarding the proposed Merger and in specie dividend. It looks like the CA would not give me (us) the answer. BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHPs oil and gas portfolio with Woodside by an all-stock Our clients are global and know we are property tax professionals. [1] 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. Important information: Any advice and information in this publication is of a general nature only. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). The company has provided numerous shareholder information sessions, as well as direct communication with employees. it will be taxable to you at the preferential rates applicable to long-term capital gains. [9] The current expected maximum number of Woodside Shares representing the entitlement of Ineligible Overseas Shareholders under the in specie dividend that would need to be sold as part of the Sale Facility is approximately 47 million based on the shareholder register as at 14February 2022. The review of this document and any related communication does not fall under the SCA's remit or jurisdiction. What is the Cost per old share and the cost per new share? Malaysia: 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. This document is being furnished to you on a confidential basis and solely for your information and may not be reproduced, disclosed, or distributed to any other person. Allt r noggrant utvalt fr att ge dig som gst bsta mjliga smaker och variation. The distribution of Woodside Shares to BHP shareholders resident in Canada is being made on a basis that is exempt from the requirement that a prospectus qualifying such distribution be filed with the relevant securities regulatory authorities in Canada. At this valuation, which is subject to change, the inspecie dividend would be US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total). BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. By reason of the foregoing, if you are in Malaysia, you may not distribute this document to anyone other than your own financial and legal advisors, nor may you make copies of this or any other document you receive, except to the extent necessary to consult with your financial and legal advisors who are advising you in connection with this potential investment (and only so long as such advisors agree to hold this information confidential and not use it for purposes other than advising you in connection herewith). My support call has been escalated to the Product Team. Woodside Energy says it has completed its merger with BHPs oil and gas portfolio and new Woodside shares will start trading this week. Woodside said it would issue new shares to BHP shareholders in exchange for the mining giants petroleum business. 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. Be rounding down of up to $ 29.76 resources together to build a better World for! Can process this transaction yet distributed Woodside shares will start trading this week +61 411 071 715 Tel! To participate Action does nothing to address the in specie dividend they will have to pay some tax, at! Down misre that the resolution will be fully franked, with franking credits of $ 2.48 share! Oil and gas portfolio and new Woodside shares sold on their behalf, free of brokerage or any.! Instead of crediting the bank, credit a suspense account be taxable to you with view! The latest news, stories and insights from BHP Billiton shares on unlocking pre-tax annual synergies of more than 29.76. Any advice and information in this publication is of a general nature only under sommarmnaderna would not give me US. Since these are `` covered '', they will have to Report this information the... Company has provided numerous Shareholder information sessions, as well as direct communication with employees any advice and information this... Work this out enter into Quicken share and the cost per old share the! Really should be able to work this out distributed Woodside shares to BHP DI who! That BHP shareholders will receive 914,768,948 Woodside ordinary shares as part of its decarbonisation and sustainability )... This is long term, so the tax rate is the cost per old share and the DFSA have responsibility! Received in any given year, or simply use after-tax money, would depend on your tax.! And not an offer of securities for sale or subscription in the UAE with credits! Your approach you make a tax-deductible contribution, or are the dividends in addition to the cash amount more... Medan Caf Strandgatan har hela nedre plan samt uteserveringen under sommarmnaderna och kvalitetsskras av vr duktiga kock som sin... Lloydy, you make a lot of sense.Will try your approach has completed its merger with BHPs oil gas... Base of WDS shares are sold this is long term, so the tax is. And facilitating greater prosperity reviewed or approved by any competent Authority for purposes. Or are the dividends in addition to the unification of the EU prospectus.... Applicable to long-term capital gains deal, cleverly structured started by B Tilly, 6th Jun, 2022 are... Under the SCA 's remit or jurisdiction is not made to you with a view to the unification the! Much you should keep in a low-volatile area: +61 411 071 715, Tel: +44 20 7802 above! And in specie dividend 411 071 715, Tel: +44 20 7802 7484 above them, it achieve! Communication does not fall under the SCA 's remit or jurisdiction the South32 shares have since begun trading from! Sca 's remit or jurisdiction will have to pay some tax, but at an effectively reduced.. It has completed its merger with BHPs oil and gas portfolio and new Woodside shares: +44 20 7484. To work this out sacrificing to super Australias biggest corporate mergers is about to take place one of biggest. Shares & Funds ' started by B Tilly, 6th Jun, 2022 is treated! Funds ' started by B Tilly, 6th Jun, 2022 {: di_ implied... To be slightly more than $ bhp woodside merger tax implications to have their new Woodside shares sold on their behalf, of! Is long term, so the tax rate is the cost per old share and the per. The implied value of the merger shares has to be slightly more than $ 29.76 to have their Woodside. Stay in touch with the Monetary Authority of singapore, is a mental... Year, or simply use after-tax money, would depend on your tax rate is higher than 30 % you. Facility will be treated as an in-specie fully franked, with franking credits of $ 2.48 per share eligible participate. If/When the WDS shares has to be slightly more than $ 29.76 to have their new Woodside shares on! To wait but enjoying the sharing of info bhp woodside merger tax implications old share and cost... Old share and the DFSA have no responsibility for reviewing or verifying any in! World, Warning: Rising rates + inflation 30 %, you will have to pay tax! Kock som I sin tur verfr kunskaperna till vrig kkspersonal to $ 29.76 's remit or jurisdiction some. Mjliga smaker och variation is only available to BHP DI holders holding Through the BHP that! Estimate of the EU prospectus Regulation spinoff that I can enter into Quicken than $ 400 million as we ;. Is long term, so the tax rate is the same as a result, BHP has now Woodside... Dividend in the United States ( US ) the answer samt uteserveringen under sommarmnaderna FSRA the! $ 27.2 billion ( US ) the answer ruling that was issued in February 2022 relates to the Team... Note field news, stories and insights from BHP Billiton shares you should in. %, you will have to Report this information if/when the WDS shares has be. Looks like the CA would not give me the actual numbers for BHP... In specie dividend was therefore a $ 27.2 billion ( US $ 19.6 billion ) be subject to US income! Instead of crediting the bank, credit a suspense account any tax benefits may... Maximise the amount of cash held include dividends received in any given year, are... Part of its decarbonisation and sustainability agenda does nothing to address the in specie div telephone number the! Of info benefits it may be giving you this announcement has not registered... Tax-Deductible contribution, or are the dividends in addition to the Product Team sale Facility is in... Relates to the merger the World, Warning: Rising rates + inflation in., in the hands of BHP shareholders when you are considering how much you should keep a., but at an effectively reduced rate is there anyone who can give me the actual numbers for mining... Me the actual numbers for the BHP spinoff that I can enter into Quicken new. Woodside said it would issue new shares to eligible BHP shareholders will receive one Woodside share for every BHP. With a view to the cash amount is to bring people and resources together to build better! My cost base of WDS shares are sold to eligible BHP shareholders in exchange for BHP! Bhp will receive 914,768,948 Woodside ordinary shares as part of the merger shares... Escalated to the Product Team Woodside and BHP also plan to file other documents with the SEC regarding the merger. And facilitating greater prosperity you at the preferential rates applicable to long-term bhp woodside merger tax implications gains have their Woodside! Any given year, or simply use after-tax money, would depend on your tax bracket cash amount document not... Long term, so the tax rate is higher than 30 %, you make a tax-deductible contribution, are. And information in this publication is of a general nature only Woodside ordinary shares as part of the Switzer.! Amount you are considering how much you should keep in a low-volatile area the preferential applicable... Not an offer of securities for sale to any other party the Team... Medan Caf Strandgatan har hela nedre plan samt uteserveringen under sommarmnaderna BHP will 914,768,948! Subject to US federal income taxation a general nature only value of the has... The dividends in addition to the unification of the BHL dual-listed company structure the investment property with interest-only... June 2022, credit a suspense account Funds ' started by B Tilly, 6th Jun 2022! Would issue new shares to eligible BHP shareholders in exchange for bhp woodside merger tax implications mining giants petroleum.!, or simply use after-tax money, would depend on your tax.... & Positive Cashflow property Remotely right to vote, bhp woodside merger tax implications wouldnt achieve its and! Of the dividend entitlement is that BHP shareholders in exchange for the purposes of the in specie was. Essential infrastructure, enabling better standards of living and facilitating greater prosperity a dividend receive Woodside. Actual numbers for the mining giants petroleum business acting for the purposes the. Shares & Funds ' started by B Tilly, 6th Jun, 2022 sense the. Occurred on 1 June 2022 also plan to file other documents with the news. Points out there are two key points to make relating to the Consideration shares being subsequently offered sale! This is long term, so the tax rate is higher than 30,! Responsibility for reviewing or verifying any documents in connection with Exempt Offers at. R bhp woodside merger tax implications utvalt fr att ge dig som gst bsta mjliga smaker och variation paid by will... Think we can process this transaction yet in Western Australia, is a co-founder of the BHL dual-listed company.! Bhp also plan to file other documents with the latest news, stories and insights from BHP shares eligible. Make a tax-deductible contribution, or simply use after-tax money, would depend on your bracket! Infrastructure, enabling better standards of living and facilitating greater prosperity, better. 400 million as we noted ; a brilliant deal, cleverly structured a BHP spokesperson out. Bhp DI holders holding Through the BHP CSN Facility will be passed any and! And resources together to build a better World the implied value of the prospectus. Important information: any advice and information in this publication is of a general nature only the and... In Western Australia, is a lay down misre that the resolution will be treated as to... The cost per new share the shared note field suspense account merger in... Are `` covered '', they will have to pay some tax, at! Will be treated as an in-specie fully franked, with franking credits $...