Q: This question is relating to the tax consequences of accepting the offer by BIP. The ECI shares are held in a non-registered account.
By tendering ECI shares, an investor will receive in exchange cash and units in BIP.UN. The exchange for cash will result in a capital gain which is taxable. Will the exchange of ECI shares for BIP.UN be a deemed disposition of the ECI shares or is it a tax free roll over?
By tendering ECI shares, an investor will receive in exchange cash and units in BIP.UN. The exchange for cash will result in a capital gain which is taxable. Will the exchange of ECI shares for BIP.UN be a deemed disposition of the ECI shares or is it a tax free roll over?