# Webjet Demerger of Webjet Group **URL:** \ **Category:** Corporate action\ **Created:** [1 October 2024 00:42 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666 "2024-10-01T00:42:21Z")\ **Posts on this page:** 9\ **Page:** 1
**Author:** ![Anba](https://avatars.discourse-cdn.com/v4/letter/a/f1d935/32.png) [@Anba](https://community.sharesight.com/u/Anba)\ **Post date:** [1 October 2024 00:42 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/1 "2024-10-01T00:42:21Z")
Hi there. I am wondering how do we input the recent Webjet demerger in Sharesight where a new share WJL was created ---
**Author:** ![Mandymoo](https://avatars.discourse-cdn.com/v4/letter/m/d6d6ee/32.png) [@Mandymoo](https://community.sharesight.com/u/Mandymoo)\ **Post date:** [1 October 2024 00:55 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/2 "2024-10-01T00:55:01Z")
Im after the same Answer 🙂 lol ---
**Author:** ![Calvin\_Chan](https://avatars.discourse-cdn.com/v4/letter/c/a5b964/32.png) [@Calvin\_Chan](https://community.sharesight.com/u/Calvin_Chan)\ **Post date:** [3 October 2024 02:48 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/3 "2024-10-03T02:48:20Z")
Me too. ---
**Author:** ![roshan.sharesight](https://avatars.discourse-cdn.com/v4/letter/r/c0e974/32.png) [@roshan.sharesight](https://community.sharesight.com/u/roshan.sharesight)\ **Post date:** [3 October 2024 05:01 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/4 "2024-10-03T05:01:15Z")
Hi there, ATO class ruling is not available for this demerger yet. Hence, you can track your WJL shares by adding an Opening balance trade (1 share of Webjet Group Limited for every 1 Webjet Limited share held) at cost base =$0 for now. Once the cost base allocation ratio is available: - Go to your Webjet holding page (WEB.ASX) in Sharesight. - Click on “Enter a new trade or adjustment” from trades and income tab. - Select “Adjust cost base” as the trade type. Use the Demerger Calculator to enter the appropriate ratio (trade date: 30 Sep 2024). - Take note of the Cost Base Reduction amount. - Update the cost base amount on the opening balance trade of WJL.ASX ( =cost base reduction amount on WEB.ASX) - Save the trade. ---
**Author:** ![Troy](https://avatars.discourse-cdn.com/v4/letter/t/85f322/32.png) [@Troy](https://community.sharesight.com/u/Troy)\ **Post date:** [20 October 2024 05:12 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/5 "2024-10-20T05:12:19Z")
Hello fellow investors, my query relates to the recent corporate action/demerger of Webjet ASX: WEB on 24 September 2024. Essentially, they spun the Webbeds business off and separated it into a seperate holding via a demerger and second listed company ASX: WJL. My question is, how do i reflect this in my Sharesight portfolio? I had 400 shares in WEB which I still hold, and additionally I was issued with 400 shares in WJL. Any advise on how to reflect this in Sharesight is greatly appreciated. ---
**Author:** ![RickyYeo](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/rickyyeo/32/854_2.png) [@RickyYeo](https://community.sharesight.com/u/RickyYeo)\ **Post date:** [21 October 2024 01:55 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/6 "2024-10-21T01:55:52Z")
@Troy can you refer to Roshan’s reply. Thanks ---
**Author:** ![Troy](https://avatars.discourse-cdn.com/v4/letter/t/85f322/32.png) [@Troy](https://community.sharesight.com/u/Troy)\ **Post date:** [13 November 2024 14:24 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/7 "2024-11-13T14:24:43Z")
Hi @RickyYeo, the class ruling on the Webjet demerger was now published on the ATO website 30/10/2024. Can you please assist us in this community who held the stock through the demerger to decipher exactly how we are meant to reflect the two stocks and adjust any cost basis for tax purposes in Sharesight. It looks like for any of us Australian residents holding WEB through the demerger we need to follow instructions on pages 2 - 3 (points 7 - 19) in the attached hyperlink, but as I am not a lawyer or accountant it isn’t that straight forward for me. Thanks for your assistance with this query. [https://www.ato.gov.au/law/view/document?docid=CLR/CR202469/NAT/ATO/00001](https://www.ato.gov.au/law/view/document?docid=CLR/CR202469/NAT/ATO/00001) ---
**Author:** ![RickyYeo](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/rickyyeo/32/854_2.png) [@RickyYeo](https://community.sharesight.com/u/RickyYeo)\ **Post date:** [13 November 2024 22:46 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/8 "2024-11-13T22:46:23Z")
Thanks @Troy for the update! Okay so on page 3: We accept that a reasonable apportionment is to attribute: • 88.64% of the total of the cost bases of your WEB Travel shares just before the demerger to the WEB Travel shares, and • 11.36% of the total of the cost bases of your WEB Travel shares just before the demerger to the corresponding Webjet B2C shares. What you do is: 1. Go to WEB.ASX 2. Under **Trades and Income** tab, click **Add trade or adjustment** 3. Select trade type: **Adjust cost base** 4. In the Demerger Calculator, enter 88.64 : 11.36 (This holding : The new holding) 5. Save trade 6. Take note the Adjust cost base amount 7. Add that amount to the **Total cost base** of WJL’s opening balance trade (if you’ve already added WJL) 8. Otherwise, go **Add Investment** \> Search **WJL** \> Trade type: **Opening balance** ---
**Author:** ![RickyYeo](https://sea2.discourse-cdn.com/sharesight/user_avatar/community.sharesight.com/rickyyeo/32/854_2.png) [@RickyYeo](https://community.sharesight.com/u/RickyYeo)\ **Post date:** [15 November 2024 05:53 UTC](https://community.sharesight.com/t/webjet-demerger-of-webjet-group/1666/9 "2024-11-15T05:53:36Z")
> **[How to handle Webjet Travel Group & Webjet Group demerger | Sharesight Help](https://help.sharesight.com/au/how-to-handle-webjet-travel-group-and-webjet-group-demerger/)** > > How to handle the Webjet Travel Group (WEB.ASX) demerger of Webjet B2C (WJL.ASX). The reason for the demerger and the cost base allocation ratio.