Hi BobbyD,
Thanks for that. Yes, that works OK.
Cheers, 
How do I account for the Suncorp Capital initiative? Any help woul be appreciated. Thanks
I too would like help with the Suncorp action (resulting from the sale to ANZ). So far my experience has been:
- The consolidation (10000.0:8511.0) was auto-entered by Sharesight and just needed confirmation
- The capital return was NOT auto-entered by Sharesight, and I am experiencing a bug entering it manually. When I save a “return of capital” trade (with trade date of 18/2/25 and payment date of 5/3/25), I get no error message, but it DOES NOT appear under “All trades & adjustments” at all. I have repeated this several times and I don’t see any of these trades appearing.
- The dividend has not been auto-entered by Sharesight, but it hasn’t happened yet, so it’s probably too early.
Hi @EB42 @Laurie we just published a help page How to handle Suncorp return of capital and share consolidation (2025) | Sharesight Australia Help
Let me know if you still encounter any issue?
Thanks @RickyYeo.
On the Return of Capital step: whilst the instructions reflect what I was already doing, it now works OK, whereas yesterday it didn’t! In fact today I can now see the “missing” Return of Capital trade that I entered yesterday but could not see yesterday, even before I followed your instructions. I assume there was a glitch that has since been resolved.
FYI, whilst the instructions say that “Sharesight automatically populated the … special dividend in your portfolio”, this hasn’t actually happened yet. I assume this is just a timing thing and it will happen later.
Yes that’s right re special dividend. It will be on 14 March 2025
Hi @RickyYeo - Sharesight has now auto-populated a dividend transaction, however it only has the “special dividend” component of 22c/share, whereas Suncorp is in fact distributing both the “special dividend” of 22c/share and the “normal (interim) dividend” of 41c/share in the same distribution (i.e. actual dividend is 63c/share).
This means that the auto-populated dividend doesn’t match. Could you please advise how best to handle this - e.g. manually over-ride the auto-populated details, or wait for Sharesight to separately auto-populate the correct details?
I would like to know how to record the takeover of LRS:ASX by PLS:ASX on 4 Feb 2025.
If I use the merge holding feature it apparently allocates my original cost of my LRS holding as the capital cost. In my case this is incorrect as I made a capital loss which cannot be rolled over according to the ATO ruling CR2025/24?
I have a question about the original example in this thread (GSK spin off of Haleon) - why when adding Haleon you use “BUY” rather than “Opening balance” (and is there a difference for returns or anything?)
Thanks!
Hello, Is there some guidance on how to handle the BWK SOL merger?
hi team, can anyone shed a light on how to record the ADT to DPM Mix and Match Scheme works and how should it be recorded?
The dilemma I have with this transaction, where DPM is acquiring ADT, is that the takeover/merger consisted of cash and shares components. The ATO has stated this transaction is eligible for Partial Australian CGT scrip for scrip roll-over relief. Which mean, I can rollover the cost base into DPM for the share component only.
However, obviously, I have to record capital gain on the cash component? How would you do this in Sharesight? Then to not double tax, I would assume I then have to increase the cost base by the amount of cash component already taxed? Sounded very confusing to me!
Extra info regarding the merger/takevoer: For each Adriatic Metals PLC share held, shareholders will receive 0.159 shares of Dundee Precious Metals Inc. and GBP 0.93 in cash
@RinjaniCapital For the cash portion, does the doc says anything about cost base reduction? So there are two options 1) Add the cash as a dividend trade or 2) Add it as a cost base reduction. First one you only report it as taxable income whereas 2nd reduce cost base so this only come into affect when you sell the shares. 1st is usually the case though.
Once you’ve done that, use the merge feature to convert your holding to DPM
Hi Ricky,
It says the cash portion is not eligible for relief. Upon looking at ATO’s website for Partial Scrip for Scrip Rollover, treatment is slightly complicated. Using an example from their website as follow:
Example 27: Partial scrip for scrip rollover
Gunther owns 100 shares in Windsor Ltd, each with a cost base of $9. He accepts a takeover offer from Regal Ltd, which provides for Gunther to receive one Regal share plus $10 cash for each share in Windsor. Gunther receives 100 shares in Regal and $1,000 cash. Just after Gunther is issued shares in Regal, each share is worth $20.
Gunther receives $10 cash for each of his Windsor shares and so has $1,000 to which a rollover does not apply.
In this case, it is reasonable to allocate a portion of the cost base of the original shares having regard to the proportion that the cash bears to the total proceeds. That is:
A ÷ B × C = D
Where:
A is cash
B is total proceeds (cash and value of shares received)
C is cost base of original share
D is proportion of cost base for which cash was received
Following on from the formula above, Gunther’s calculations are:
$1,000 ÷ $3,000 × $900 = $300
Gunther’s capital gain is as follows:
$1,000 (cash) − $300 (cost base) = $700 (capital gain)
Gunther calculates the cost base of each of his Regal shares as follows:
($900 − $300) ÷ 100 = $6
My question:
-
Can Sharesight handle such transaction currently?
-
Otherwise, correct me if I am wrong, to book the correct capital gain as per the above method, I will need to enter fictional sell trade so that capital gain for the cash portion is recorded correctly? And then I will have to enter an opening balance trade to record the share portion?
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Lastly, if I enter an opening balance trade, can you confirm that when I sell CGT discount will be applied? Let’s say I sell next month, but I actually already have ADT shares from 5 years ago. So I am eligible for CGT 50% discount, by doing opening balance trade, will CGT disc be applied?