FIREFINCH demerger

Reporting & tax
1

Hi there,

Does anybody know how to accurately input the Firefinch / Leo Lithium demerger into Sharesight?

2

Yes please - following.

3

So with LLL, you’ll add in the shares you received as an opening balance trade manually. There is a capital reduction component, but the ratios are yet to be released. I’ll update this thread once the information is out.

3 Likes
4

Hi Jack - just following up for an update on this. Cheers.

5

Thanks for following up, it looks like the ATO class ruling came out last week:

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02554370-6A1104860?access_token=83ff96335c2d45a094df02a206a39ff4

If you’re choosing roll-over relief:

So you’ll need to manually enter an ‘Adjust Cost Base’ trade on your Firefinch holding with the below ratios (as per page 5 of the above link):

lll

Then with the value here, use this to enter as the cost base for the opening balance for Leo Lithium.

If anyone is not choosing to go down the roll-over relief, let me know and I can advise further :+1:

1 Like
6

How would you record this for non rollover - e.g. say held as trading stock or otherwise