# Tabcorp (TAH) and The Lottery Corporation (TLC) demerger **URL:** \ **Category:** Corporate action\ **Created:** [23 November 2022 02:21 UTC](https://community.sharesight.com/t/tabcorp-tah-and-the-lottery-corporation-tlc-demerger/1158 "2022-11-23T02:21:18Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![Raghavvs](https://avatars.discourse-cdn.com/v4/letter/r/b5ac83/32.png) [@Raghavvs](https://community.sharesight.com/u/Raghavvs)\ **Post date:** [23 November 2022 02:21 UTC](https://community.sharesight.com/t/tabcorp-tah-and-the-lottery-corporation-tlc-demerger/1158/1 "2022-11-23T02:21:18Z")
Tabcorp (TAH) and The Lottery Corporation (TLC) demerger which was finalised on May 23, 2022. For each Tabcorp (TAH:ASX) share, you will receive 1 The Lottery Corporation (TLC:ASX) share as part of the demerger. Follow the steps below for how to handle this in Sharesight: 1 – Click on Tabcorp, TAH on the Portfolio Overview Page, to go to the Individual Holding Page. 2 – Click ‘Enter a new Trade or Adjustment’. 3 – On the pop-up window, select ‘Adjust Cost Base’ from the transaction type dropdown. Based on the Demerger Scheme Effective, set the: Date of trade’: 25 May 2022 Demerger calculator’: Set the ratio to 17.76 : 82.24 Cost Base Reduction’: Enter the amount given in the Demerger Calculator. Example If TAH cost base as of the Scheme date is $42,950, Cost Base reduction is $35,322.08 ($42,950 x 82.24%). Take note of the Cost Base Reduction amount 4 – Comment: Tab Corp and The Lottery corporation demerger. The Scheme Record Date is on 1 June 2022. 5 – ‘Choose a file’: to help keep your records in order, you can attach the Lottery Corporation Demerger Scheme Effective letter. 6 – Click ‘Save this trade’. 7 – Click ‘Add or Import Holdings’. 8 – On the left hand side of the page, search for The Lottery Corporation or TLC to locate the holding. 9 – Select ‘Opening Balance’. 10 – Select ‘Opening Balance Date’ as 25 May 2022. 11 – Input ‘Cost base’: Use the Cost Base Reduction amount from Wesfarmers. Example If TAH cost base as of the Scheme date is $42,950, Cost Base reduction is $35,322.08 ($42,950 x 82.24%). 12 – Input ‘Quantity’ as 1 The Lottery Corporation share to every 1 Tabcorp share. 12 – Click ‘Save this holding’. We’ve created a detailed article below on how to handle this in Sharesight: > **[How to handle Tabcorp (TAH) and The Lottery Corporation (TLC) demerger |...](https://help.sharesight.com/au/how-to-handle-demerge-tabcorp-and-the-lottery-corporation-tlc-demerger/)** > > Follow our step by step instructions and learn how to handle the Tabcorp and lottery corporation demerger within your Sharesight portfolio.