Q: My AW.UN shares were exchanged 1:1 for AW Newco.
As this was an "exchange" should my broker be showing a capital gain?
If there is indeed a capital gain what is the share price that should be used?
My broker, TD, has calculated my capital gain based on a share value of $43.08 and used this price as my average cost base for Newco.
How do you suggest I approach TD on this? Is there somewhere where I can conclusively go to get this information to provide them? Banks aren't keen on admitting their errors...
Thanks
As this was an "exchange" should my broker be showing a capital gain?
If there is indeed a capital gain what is the share price that should be used?
My broker, TD, has calculated my capital gain based on a share value of $43.08 and used this price as my average cost base for Newco.
How do you suggest I approach TD on this? Is there somewhere where I can conclusively go to get this information to provide them? Banks aren't keen on admitting their errors...
Thanks
5i Research Answer:
The transaction is tax-free, providing unitholders make a Section 85 Election. If new...