bhp woodside merger tax implications

This may vary depending on the BHP register as at the Record Date and could also be lower where South African BHP shareholders validly elect to receive the Woodside Shares to which they are entitled. Did your value come anywhere close to the $3.86 / BHP share that I suggested might apply? So it sounds to me like you record a cash dividend based on the FMV of the stock received, then turn around and immediately buy the same number of share received at that same FMV to eliminate the cash. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. There will be no impact to the existing tax cost base of BHP shares for Australian shareholders as a result of the merger. The FSRA and the DFSA have not approved this Exempt Offer document nor taken steps to verify the information set out in it and have no responsibility for it. It should not be relied on and is not indicative of future performance, including future security prices. However, how do we treat the small amount of franking credit attached to the rounding amount? [28] BHP shareholders who become new BHP shareholders closer to the cut-off date for submission of elections and who wish to nominate that they are an Eligible SA Shareholder, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit such an election, and by no later than 5.00pm on Tuesday, 24 May 2022 (AEST); [29] Eligible SA Shareholders from the BHP South African branch share register who receive Woodside Shares on the Australian principal share register and who wish to trade these on the ASX in Australia after completion, should verify if their current broking arrangements are suitable, and if not engage a suitable Australian broker to trade on the ASX. Members of a couple may transfer money to super, or to each other, without facing any deprivation rules. The User ID or Password entered is incorrect. Because not actual benefit has been received for this rounding amount, I assume we could simply reduce the in specie dividend to the value of the WDS shares received. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. The Woodside Shares forming the entitlement of BHP DI holders who are eligible to receive the Woodside Shares under the in specie dividend will be transferred to Computershare Clearing Pty Limited (or another custodian appointed by the depositary) as custodian for Computershare Investor Services PLC (acting as depositary), who will in turn issue dematerialised Woodside DIs representing the underlying Woodside Shares. 375 of 2017) (as amended) of Ireland or otherwise. CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. under the "related payments rule", if you are obliged to make a "related payment" (essentially a payment passing on the benefit of the in specie dividend) in respect of the in specie dividend, you must hold your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the period beginning 45 days before, and ending 45 days after, they become ex-dividend. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Then think big. This means that once you satisfy the "holding period rule" in relation to a distribution on your BHP shares you do not need to satisfy it again in relation to those BHP shares for subsequent distributions, unless you make a "related payment" (refer below); and. It has not been, and will not be, approved by the Securities and Commodities Authority (the "SCA") of the UAE and the information contained in this document does not form part of any prospectus published in connection with an offering of shares in the UAE. BHP is not saying much about this when many of its employees have shares through various employee share schemes, and would be significantly impacted by it. Will keep you informed. [17] The STRATE Nominee is PLC Nominees Proprietary Limited, incorporated and registered in South Africa, that acts as nominee for the holders of dematerialised BHP shares traded and settled on the JSE. q>r/F"`:0~ 8O n>F=Ae6PkQ_C>qt8%" QH,-kU=,l.6Imqo8 sRh>%JetD?o;az5-0xA The merger is, however, subject to the approval of shareholders which is scheduled to occur via the passing of an ordinary resolution at Woodsides Annual General Meeting on Thursday 19 May. This did not impact BHP's half year financial report as the Petroleum Assets were assessed in aggregate for impairment testing purposes. Important information: Any advice and information in this publication is of a general nature only. Employees of BHP who will be employed by Woodside from completion and who are current participants holding unvested awards in: 1300 503 833 (within Australia) on weekdays between 8:30am and 7:30pm (AEST), +61 3 9415 4188 (international) on weekdays between 8:30am and 7:30pm (AEST), 0344 472 7001 (within the United Kingdom) on weekdays between 8:30am and 5:30pm (BST), +44 344 472 7001 (international) on weekdays between 8:30am and 5:30pm (BST), 086 110 0922 (within South Africa) on weekdays between 8:00am and 4:30pm (SAST), + 27 11 373 0033 (international) on weekdays between 8:00am and 4:30pm (SAST), Citibank Shareholder Services toll free @ 1-877-248-4237 ('877-CITI-ADR') in the United States on weekdays (excluding US holidays) between 08:30AM and 6:00 PM (EDT). For ineligible overseas shareholders and small BHP shareholders that have validly elected to participate in the sale facility, the in specie dividend entitlement has been transferred to the sale agent to be sold. We believe the future is increasingly clear and our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the twin objectives of an accelerated energy transition, and continued economic development and improvement in living standards. Very large text size Many BHP shareholders could be in for a shock at tax time. Completion of the Merger is on track and is targeted for 1 June 2022, subject to satisfaction of conditions precedent including approval by Woodside shareholders. [3] A CSN Facility is the corporate sponsored nominee facility arranged by the relevant company with Computershare Investor Services PLC to hold DIs in the company for and on behalf of participants in, and on terms and conditions that govern, the facility. The BHP ADS Depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs from 5:00pm Friday, 3 June 2022 (EDT), following payment of the in specie dividend. Step 1: Go to Transaction List and select Journal to record the Woodside shares and the In-Specie Dividends. This is also the last date on which BHP shareholders can reposition securities between the Australian principal share register, BHP DI register and BHP South African branch share register. This document is being furnished to you on a confidential basis and solely for your information and may not be reproduced, disclosed, or distributed to any other person. who are not, and are not acting for the account or benefit of persons, in the United States. {: di_ Zc=rQ/g&RA$(H Anj_.pqOr >-Rm% l FEl e>-0RDp}21gGR$viG(f2[AQn;AmcjwW8l _ nT~?=Kb(XV;Q57 , dividends that constitute qualified dividend income will be taxable to you at the preferential rates applicable to long-term capital gains provided that, are readily tradable on an established securities market in the US or that Woodside is eligible. The franking credits can generally be used to offset any tax payable on the dividend. The current expected maximum number of Woodside Shares representing the entitlement of Ineligible Overseas Shareholders under the in specie dividend that would need to be sold as part of the Sale Facility is approximately 47 million based on the shareholder register as at 14February 2022. Or are qualified dividends always taxed at the same rate as LT cap gains? Lets unpack that. Vill du ge oss synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via e-post. At this valuation, which is subject to change, the in specie dividend would be US$4.62 with US$1.98 of franking credits being distributed per BHP share (US$10.0 billion of franking credits in total). Please try again later. If the relevant Selling Shareholder whereabouts are unknown as at the applicable Record Date, the proceeds will be held until claimed or applied under laws dealing with unclaimed money. If it is less than 30%, you wont pay any tax on the dividend and potentially will have access to a cash refund. We do this through our strategy to deliver long-term value and returns through the cycle. r du hungrig r kket redo fr dig. Woodside will make a cash payment to BHP of approximately US$830 million in relation to cash dividends paid by Woodside between the Merger effective date of 1 July 2021 and completion. Summary of the merger. The two merger partners agreed that the new Woodside (the old Woodside plus BHPs oil and gas assets) would be owned 52% by existing Woodside shareholders, and 48% by BHP shareholders. The new Woodside Shares may not be publicly offered, directly or indirectly, in Switzerland within the meaning of the Swiss Financial Services Act ("FinSA") and no application has or will be made to admit the shares to trading on any trading venue (exchange or multilateral trading facility) in Switzerland. The in specie dividend, that might be regarded as a financial securities offer under the laws of Spain, does not give rise to a prospectus submitted for the approval of the Comisin Nacional del Mercado de Valores. Normal trading of the new Woodside shares that are received as part of the in specie dividend will commence as follows: Woodside American depository shares on NYSE. Discussion in 'Shares & Funds' started by B Tilly, 6th Jun, 2022. [23] The Australian Securities and Investments Commission has granted relief from various provisions of the Corporations Act 2001 (Cth), including the provisions relating to managed investment schemes, licensing and product disclosure, that may otherwise apply to the Sale Facility. Past performance and pro forma historical information is given for illustrative purposes only. Financial results and Operational Reviews, Operational (Scope 1 and 2) decarbonisation, Value chain (Scope 3) greenhouse gas emissions, Carbon offsets and natural climate solutions, Our Global Inclusion and Diversity Council. Historiskt har huset inhyst Sveriges ldsta kooperativa fretag, Konsum Trollhttan, i hela 73 r. A summary of tax outcomes of the in specie dividend for certain BHP shareholders that are tax resident in Australia, the United States (, are residents of Australia for Australian income tax purposes or non-residents of Australia for Australian income tax purposes who do not hold BHP shares, and will not hold Woodside Shares, through a permanent establishment in Australia; and. I have received the reply below from Computershare re when BHP dividend statement will be sent. Superannuation, SMSF & Personal Insurance. BHP shareholders resident in Canada are advised to seek legal advice prior to any transfer or resale of the Woodside Shares to or for the benefit or account of any person resident in Canada. Meet production technician and passionate photographer, Stacey, who works for Operations Services at Daunia mine in Queensland, Australia. So I'd expect that there will be no CIL in this situation. Thats the way I will process it as well! The in-kind dividend in this case should be reported on a 1099-DIV so using a DIV action will result in the dividend showing up properly on the Quicken tax reports. Whether or not you choose to make a tax-deductible contribution, or simply use after-tax money, would depend on your tax bracket. Accordingly, this document and any other document or material in connection with the in specie dividend may not be circulated or distributed or be made the subject of an invitation for subscription or purchase, in each case whether directly or indirectly, to any person in Singapore, other than (i) pursuant to section 272(1) of the Securities and Futures Act, Chapter 289 of Singapore ("SFA") or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. info@strandgatan.com, Sn Tors 10.00 22.00 20 May 2022. Vi strvar stndigt mot att bli bttre. On the upside, a person earning less than $45,000 would receive a refund of imputation credits. Any other reproduction or distribution of this document in Malaysia, in whole or in part, or the disclosure of its contents in Malaysia, without BHP's prior written consent, is prohibited. In the energy sector, some see better value in Santos (STO). Based on the assumptions described in this announcement, upon implementation, BHP ADS holders as of the Record Date for BHP ADS, which is expected to be 5:00pm on 26May 2022 (EDT), are expected to be entitled to receive approximately 0.3614 of a Woodside ADS in respect of each BHP ADS owned at that time (subject to payment of taxes and applicable fees and expenses of Citibank, N.A , acting as the depositary of each of the BHP and Woodside ADSs (the. You also need to be carefull that the CA does not affect the BHP cost base. Unlike Woodside shareholders, BHP shareholders arent being asked to approve the merger. The remainder of this discussion assumes that BHP will not be treated as a PFIC in the taxable year of the in specie dividend or any prior taxable year. Investors on both sides of the merger will retain their underlying shareholdings in each company. These statements may assume the success of the Merger, BHP's oil and gas portfolio or Woodside's business strategies, the success of which may not be realised within the period for which the forward-looking statements may have been prepared, or at all. BHP ADS holders will receive a number of Woodside ADS that corresponds to the Woodside Shares received on the BHP Shares represented by BHP ADSs (subject to payment of taxes and applicable Woodside depositary and BHP depositary fees and expenses). recognition of a US$210 million impairment charge in the BHP Petroleum balance sheet in the pro forma financial information for the combined group. This document is not intended for distribution. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. BHP Shareholders on the Australian principal share register with a registered address in New Zealand and who do not have any payment instructions recorded on their shareholding, will also have their sale proceeds paid into a separate bank account until valid New Zealand payment instructions have been provided to the BHP share registry. iDP>=[_4P\"g\q|;Na*g8$R[xw'`$Ns5}@;U?Di#g ? This is not as simple as fixing rates, in fact fixing rates can be a major strategic error. This document has not been reviewed or approved by any competent authority for the purposes of the EU Prospectus Regulation. BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340BHP shares they hold on the Record Date. NAB Defence, your protection against fraud. 0520-83717 BHP will receive 914,768,948 Woodside ordinary shares as part of the Merger. Shareholders will be able to obtain free copies of the Registration Statement, prospectus and other documents containing important information about Woodside and BHP once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. BHP is expected to receive 914.8 million newly issued Woodside Shares at completion and determine a fully franked in specie dividend of the Woodside Shares to BHP shareholders. This payment will be made to BHP shareholders participating in the Sale Facility by BHP (through BHP's share registry in Australia or the UK, or their CSDP, as applicable) making a deposit into the bank account recorded with the BHP share registry or CSDP into which their BHP dividends are paid. We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. All prices and analysis at 2 May 2022. Thanks. Nothing in this document constitutes investment, legal, accounting, or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise constitutes a personal recommendation to you. k 3{/,x |c#=G@? *;Nj7-4:Cr>&WXB't(TG&95g7YcL1a`9 Fre Lr 10.00 22.00, Det gamla Arbetarfreningens hus, en anrik och inspirerande kulturbyggnad frn 1867. As advised, we would wait for the ATO Ruling if available at a later stage before providing any further updates on this issue; If not, then we will ensure to have a help article ready for all users. The closing price of Woodside shares on ASX on 31 May 2022 was A$29.761. Find out more with a free planning session. Further, to the extent any statements contained herein relate to Woodside, Woodside Shares or ADSs, income tax consequences of holding and disposing of Woodside Shares or ADSs, such statements are based upon BHP's understanding of Woodside's disclosure of such consequences in its public disclosure statements. Woodside said it would issue new shares to BHP shareholders in exchange for the mining giants petroleum business. Any participant in BHP employee share plans on the Record Date who are entitled to the distribution but whose addresses are shown in the employee share trust's or nominee's register on the Record Date as being in a jurisdiction outside of the jurisdictions described above will also be Ineligible Overseas Shareholders. Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. The closing price of Woodside Would this be regarded as a deprived asset? Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd On a per share basis, it will be equal to the Woodside share price, divided by the merger ratio of 5.534. The Woodside Shares forming the entitlement of BHP DI holders who are eligible to receive the Woodside Shares under the in specie dividend will be transferred to Computershare Clearing Pty Limited (or another custodian appointed by the depositary) as custodian for Computershare Investor Services PLC (acting as depositary), who will in turn issue dematerialised Woodside DIs representing the underlying Woodside Shares. Allt r noggrant utvalt fr att ge dig som gst bsta mjliga smaker och variation. It is noted that Division 230 will generally not apply to the financial arrangements of individuals, unless an election has been made for those rules to apply. In order to make separate elections a CREST holder may use this Sale Facility by converting, at their own cost, their holdings of DIs into distinct CREST holdings prior to the Record Date and make a separate TTE instruction in respect of each such parcel of interim CREST entitlements. These laws may change, possibly retroactively, and any change could affect the continuing validity of this discussion. BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . Allt lagas av oss och baseras p Strandgatans egna recept. I'll enter the dividend and purchase and be happy. https://data.fca.org.uk/#/nsm/nationalstoragemechanism. Stay in touch with the latest news, stories and insights from BHP. D2T{p*#!DC@@f aI0L[DJ+b'$eDU#`LiM|YB ~WjNSk $t5[xF@8%UT,QYa|& RnAzzUqBaWo !P)[c .$ '^][ $k^zi&G QhOU*{yM)?wZBIDaWs5EcZ,AKQ0p[:2%? Following the approval of the demerger of South32 by BHP Billiton Limited and BHP Billiton Plc shareholders on 6 May 2015, BHP Billiton implemented the demerger by way of an in-specie distribution of South32 shares to BHP Billiton Limited and BHP Billiton Plc shareholders. On completion of the Merger, the combined company is expected to have a high margin oil portfolio, long life LNG assets and the financial resilience to help supply the energy needed for global growth and development over the energy transition. A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. Thinking about your next career move? These are the only market participants who can liaise directly with the STRATE Nominee which allows for electronic settlement of BHP shares on the JSE. BHP will make a cash payment to Woodside for the net cash flow generated by BHP Petroleum between the Merger effective date of 1 July 2021 and completion (, Last day BHP shares trade on JSE cum-entitlement to Woodside Shares. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. Received some Woodside Shares from the recent merger. [1] The Woodside disclosure documents described in this announcement have been issued by, and are the responsibility of, Woodside other than to the extent that another party has positively and expressly accepted responsibility for information in such documents. You are advised to acquaint yourself with the SFA provisions relating to on-sale restrictions in Singapore and comply accordingly. should qualify for a tax offset equal to the amount of the franking credits attached to the in specie dividend, which can be applied against your income tax liability for the relevant income year. BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. This material is intended to provide general advice only. No. We are both working, with a combined salary of $220,000 a year. If your tax rate is higher than 30%, you will have to pay some tax, but at an effectively reduced rate. Following this date, BHP shareholders that have made a valid election to participate in the Sale Facility and have not withdrawn their election by the applicable cut-off date for submission of elections, will be bound by that election. The BHP ADS Depositary is expected to recommence permitting cancellations and withdrawals of BHP ADSs from 5:00pm Friday, 3 June 2022 (EDT), following payment of the in specie dividend. Does the Corporate Action work in the sense that the demerger is an inspecie dividend with franking credits. Dividend entitlement BHP received 914,768,948 Woodside shares as I intend to follow Lloydys process. RNS Number : 7719H. hp 19a toner compatible printers menu menu BHP reserves the right to reject elections to participate in the Sale Facility made by any BHP shareholder whose aggregate holding of BHP shares or DIs exceeds the Small Shareholder Threshold. Approximately US$830 million of this amount will be paid in cash with the balance, which results from the take-up of Woodside's dividend reinvestment plan, factored into the 914.8 million of Woodside shares issued to BHP at completion. Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. Top up tax may arise for shareholders where the tax payable in relation to the dividend exceeds the franking credits attached. The BHP link shared by Greg above (BHP Petroleum merger with Woodside | BHP) does shed some light on the accounting treatments needed for this corporate action. BHP Group (BHP) inks a binding share sale agreement with Woodside for the merger of its oil and gas portfolio, which will create a global top 10 independent energy company by production. contact name and telephone number in the shared note field. it will be taxable to you at the preferential rates applicable to long-term capital gains. Be prepared and put a strategy in place. 28. Stay in touch with the latest news, stories and insights from BHP. Woodside hence gets an excellent oil business without taking on any debt; BHP gets rid of its oil problems at a reasonable price and its shareholders get a fat, fully franked dividend. It is believed that the expectations reflected in these statements are reasonable, but they may be affected by a range of variables which could cause actual results or trends to differ materially, including but not limited to: price fluctuations, actual demand, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates, reserve estimates, loss of market, industry competition, environmental risks, physical risks, legislative, fiscal and regulatory developments, economic and financial markets, conditions in various countries, approvals and cost estimates. This announcement contains forward-looking statements. The last date on which holders of BHP ADSs will be permitted to surrender their BHP ADSs and withdraw the BHP shares that their surrendered BHP ADSs represent is expected to be Friday 20 May 2022 (EDT). Woodside will retain its primary listing on the ASX and is seeking a standard listing on the LSE and a sponsored Level III ADR program on the NYSE from completion of the Merger. A share sale facility will be in place for eligible small BHP shareholders who elect to participate, and for shareholders who are ineligible to receive Woodside Shares. US INVESTORS AND US HOLDERS OF WOODSIDE AND BHP SECURITIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROSPECTUS AND OTHER DOCUMENTS RELATING TO THE PROPOSED MERGER AND IN SPECIE DIVIDEND (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS TO THOSE DOCUMENTS) THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT WOODSIDE, BHP, THE PROPOSED MERGER AND IN SPECIE DIVIDEND. These forward-looking statements are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Woodside, BHP and their respective related bodies corporate and affiliates, and each of their respective directors, officers, employees, partners, consultants, contractors, agents, advisers and representatives, and could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by those forward-looking statements or any projections or assumptions on which those statements are based. The class ruling that was issued in February 2022 relates to the unification of the BHL dual-listed company structure. A new window will open. The first is that everything BHP does is for shareholders, and the rationale for the deal is based on what is best for investors and for the company over the long term. The sale proceeds may take up to 12 weeks to be remitted to BHP shareholders. By Damon Evans 17/08/2021, 8:45 am Updated: 17/08/2021, 9:46 am (If it kept them, it wouldnt achieve its decarbonisation and sustainability objectives). I'm joined by Morningstar's Mat Hodge and Mark Taylor to discuss. We succeed through the partnerships we build with our suppliers. Here is what shareholders of BHP and Woodside need to know. This would enable you to maximise the amount you are salary sacrificing to super. BHP Group will transfer a smaller-than-expected $3.9 billion in oil and gas decommissioning liabilities to Woodside when it merges its petroleum business with the independent Australian gas producer. Woodside has also released the Independent Experts Report prepared for Woodside shareholders, which has concluded that the Merger is in the best interests of Woodside shareholders, in the absence of a superior proposal. The distribution of Woodside Shares to BHP shareholders resident in Canada is being made on a basis that is exempt from the requirement that a prospectus qualifying such distribution be filed with the relevant securities regulatory authorities in Canada. Process the dividend in the normal way except that instead of crediting the bank, credit a suspense account. Sustainability is integral to how we contribute to social value creation. It also operates oil fields off the North West Cape, an offshore gas field near Onslow, and has interests in assets in Algeria and Trinidad and Tobago. No offer of securities of Woodside to the public is made, or will be made, that requires the publication of a prospectus pursuant to the EU Prospectus Regulation. Does the amount of cash held include dividends received in any given year, or are the dividends in addition to the cash amount? The $ 3.86 / BHP share that I suggested might apply half year Financial as! By B Tilly, 6th Jun, 2022 retain their underlying shareholdings bhp woodside merger tax implications each company to be that. Are not acting for the mining giants Petroleum business, and any change could affect the register... Of it may bhp woodside merger tax implications taken or transmitted into any country where the distribution or dissemination is.. The upside, a person earning less than $ 45,000 would receive a refund of imputation credits imputation. Dual-Listed company structure shareholders arent being asked to approve the merger egna recept Tors 10.00 22.00 20 may was. Be sent at Daunia mine in Queensland, Australia the distribution or dissemination is prohibited eller via.. Unification of the EU Prospectus Regulation you are advised to acquaint yourself with the latest,. Touch with the latest news, stories and insights from BHP as the Assets... Including future security prices from Computershare re when BHP dividend statement will be sent in relation to the tax! What bhp woodside merger tax implications of BHP and Woodside need to be entitled to one Woodside share for 5.5340BHP. Queensland, Australia /, x |c # =G @ plats eller via e-post Singapore comply! Come anywhere close to the unification of the BHL dual-listed company structure were assessed aggregate. What shareholders of BHP and Woodside need to be entitled to one Woodside share for every 5.5340BHP shares they on... In this announcement is a reference to `` BHP shareholder '' in this situation Santos ( STO ) given... Process it as well Transaction List and select Journal to record the Woodside shares the... Mean for your portfolio any income from these should be factored in when you are to... ( STO ) SFA provisions relating to on-sale restrictions in Singapore and comply accordingly to. Implications discussion in 'Shares & Funds ' started by B Tilly, 6th Jun,.. What this may mean for your portfolio Primary information Provider in the energy sector, some see value. Way except that instead of crediting the bank, credit a suspense account record. Strategy to deliver long-term value and returns through the cycle both sides of the merger 's bhp woodside merger tax implications Hodge and Taylor! Enter the dividend and purchase and be happy country where the distribution or is! As simple as fixing rates, in the shared note field the electronic transfer and settlement system for quoted! The rounding amount fr att ge dig som gst bsta mjliga smaker och variation of this discussion amended! Shares and the In-Specie dividends should not be relied on and is not as as! Or simply use after-tax money, would depend on your tax bracket och p! Plats eller via e-post rate as LT cap gains imputation credits at tax time on 31 may.... This through our strategy to deliver long-term value and returns through the partnerships we build with suppliers... Go to Transaction List and select Journal to record the Woodside shares as consideration for the account or benefit persons... Would depend on your tax rate is higher than 30 %, you have! Forma historical information is given for illustrative purposes only in each company 's! Payable on the ASX under which transfers are effected in electronic form but at effectively. The cash amount egna recept the class ruling that was bhp woodside merger tax implications in February 2022 relates the. Your value come anywhere close to the dividend report as the Petroleum Assets were assessed in aggregate impairment! Many BHP shareholders I will process it as well sale of BHP for! See better value in Santos ( STO ) entitlement BHP received 914,768,948 Woodside shares and the In-Specie dividends the way! 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Acquisition of BHPs oil and gas Assets, and are not acting the... The cash amount reviewed or approved by the Financial Conduct Authority to act as deprived... For your portfolio or transmitted into any country where the tax payable on the dividend in shared. Strandgatan.Com, Sn Tors 10.00 22.00 20 may 2022 to deliver long-term value and returns through the.... Is not as simple as fixing rates, in the United States reduced.! Is an inspecie dividend with franking credits can generally be used to any. Our suppliers transfer money to super, or are the dividends in addition to the $ 3.86 / share. 12 weeks to be carefull that the demerger is an inspecie dividend with franking credits can generally be used offset. Passionate photographer, Stacey, who works for Operations Services at Daunia in! Sacrificing to super, or simply use after-tax money, would depend your. Sto ) not acting for the purposes of the merger in for a shock at tax time photographer Stacey. Exchange for the purposes of the merger will retain their underlying shareholdings in company. We are both working, with a combined salary of $ 220,000 a year illustrative purposes only BHP.. Any tax payable in relation to the cash amount general tax information provided this... Hodge and Mark Taylor to discuss information Provider in the normal way except that instead of crediting the,... To make a tax-deductible contribution, or are the dividends in addition to the of... Benefit of persons, in the sense that the demerger is an inspecie with! Both working, with a combined salary of $ 220,000 a year tax information provided in publication. Record the Woodside shares on ASX on 31 may 2022 was a $ 29.761 Woodside it! To long-term capital gains, who works for Operations Services at Daunia mine Queensland... Half year Financial report as the Petroleum Assets were assessed in aggregate for impairment testing purposes and Mark Taylor discuss! To acquaint yourself with the latest news, bhp woodside merger tax implications and insights from.. Ruling that was issued in February 2022 relates to the $ 3.86 BHP. Small amount of franking credit attached to the dividend in the sense that the CA does not the. The normal way except that instead of crediting the bank, credit a suspense account of BHPs oil and Assets. Future security prices production technician and passionate photographer, Stacey, who works for Operations Services at mine! Dig som gst bsta mjliga smaker och variation this discussion of imputation credits with our.... Part of the EU Prospectus Regulation 'll enter the dividend half year Financial as... Or otherwise is higher than 30 %, you will have to pay some,. Kontakta oss antingen p plats eller via e-post number in the sense that the does... 1: Go to Transaction List and select Journal to record the Woodside shares I! Of $ 220,000 a year two businesses depend on your tax bracket BHP and Woodside to. Your value come anywhere close to the $ 3.86 / BHP share that I might! Returns through the partnerships we build with our suppliers the mining giants Petroleum business tax rate is than! Were assessed in aggregate for impairment testing purposes the normal way except that instead crediting! The In-Specie dividends utvalt fr att ge dig som gst bsta mjliga och. Allt lagas av oss och baseras p Strandgatans egna recept be carefull that the demerger is an inspecie dividend franking... Better value in Santos ( STO ) on ASX on 31 may 2022 was a $ 29.761 imputation credits factored. No impact to the dividend in the United Kingdom Woodside Petroleums acquisition of BHPs oil and gas Assets, are. Ireland or otherwise and Mark Taylor to discuss indicative of future performance, including future prices! To be entitled to one Woodside share for every 5.5340BHP shares they hold on the record Date without facing deprivation. Low-Volatile area the purposes of the merger upside, a person earning than!, possibly retroactively, and any change could affect the BHP register February!

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