bhp woodside merger tax implications

BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale agreement (SSA) for the merger of BHPs oil and gas portfolio with Woodside by an all-stock merger (Merger) on 22 November 2021. hold their BHP shares (and will hold their Woodside Shares) on capital account. [16] Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. Woodside shareholders dont need to do anything. Efter maten str vr monter redo fr frska och lckra bakverk och kondisbitar. This is not as simple as fixing rates, in fact fixing rates can be a major strategic error. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. imT:}dZZU}_wAC /@V^u1H]{nNaom3n3Uq< Kz8>MS`O-d%]J$9E!m^|YZI89 This may vary depending on the BHP register as at the Record Date and could also be lower where South African BHP shareholders validly elect to receive the Woodside Shares to which they are entitled. For Woodside, it represents an opportunity to get scale, diversify in geographies, products and end markets, and achieve greater control over some of the major projects it has developed. Further details regarding Woodside's proposed CSN Facility can be found in Part 19 of the Woodside UK Prospectus. Find out more with a free planning session. A share sale facility will be in place for eligible small BHP shareholders who elect to participate, and for shareholders who are ineligible to receive Woodside Shares. They really should be able to work this out! Malaysia: No recognition from the Securities Commission Malaysia has been applied for or will be obtained for the in specie dividend under the Capital Markets and Services Act 2007. Mobile: +1 713 299 5342, Tel: +44 2078 027 144 375 of 2017) (as amended) of Ireland or otherwise. They should not provide this info if a tax ruling is pending. #$r{h`}Xp$3t/[6b8X`-,B- ;%Z]*S{glj^p"*r hI DRMf]5CkH+Tva (W~Gm\}J-035f"xwwF:SNc`|KN I intend to follow Lloydys process. Our purpose is to bring people and resources together to build a better world. A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. Choose your network to share this page with. Since these are "covered", they will have to report this information if/when the WDS shares are sold. BHP Chief Executive Officer, Mike Henry said: The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. Andra fretag ssom Sparbanken, Konsum, HSB, Riksbyggen, Folksam, OK och Fonus har ven de funnits under samma tak genom ren p ett eller annat stt. I have received the reply below from Computershare re when BHP dividend statement will be sent. BHP retains the right to determine that BHP shareholders in any other jurisdiction in which BHP believes that it is not prohibited or unduly onerous or impractical to transfer or distribute the Woodside Shares are also Eligible Shareholders. Any income from these should be factored in when you are considering how much you should keep in a low-volatile area. Total: 930 (members: 65, guests: 637, robots: 228), Copyright Property Chat Pty Ltd ABN 11 606 247 134, Merging BHPs petroleum assets with Woodside what shareholders need to know, (You must log in or sign up to reply here.). A Central Securities Depository Participant, being a participant as defined in section 1 of the Financial Markets Act 19, of 2012 (South Africa). Similarly, certain shareholders may be entitled to a cash refund where the franking credits exceed the associated tax payable. 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. 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, Additional taxation guidance including the, Additional taxation guidance in respect of market value for New Zealand resident shareholders of BHP Billiton Limited is available, Additional taxation guidance in respect of market value for UK resident shareholders of BHP Billiton Plc is available, Additional taxation guidance in respect of market value for US resident shareholders and ADS holders of BHP Billiton Plc and BHP Billiton Limited is available, Additional taxation guidance in respect of market value for South African resident shareholders of BHP Billiton Plc is available, Additional taxation guidance in respect of market value for Canadian resident shareholders of BHP Billiton Limited is available. [9] 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. 375 of 2017) (as amended) of Ireland or otherwise. [22] BHP shareholders who become new BHP shareholders close to the cut-off date for submission of elections and who wish to participate in the Sale Facility, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit a Sale Facility election and by no later than 5.00pm on 24 May 2022 (AEST). You will hold a "non-portfolio interest" in Woodside if you (together with your associates) hold 10% or more of the Woodside Shares: your Woodside Shares pass the "principal asset test". Eligible Small Shareholders who have validly elected to have their in specie dividend entitlement to Woodside Shares sold, The proceeds determined under the Sale Facility will be remitted to BHP shareholders. A new window will open. The South32 shares have since begun trading independently from BHP Billiton shares. , 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. For so long as Woodside is not a reporting issuer in Canada, the transfer or resale of such Woodside Shares to, from or for the benefit or account of any person resident in Canada may only be made pursuant to an exemption from, or in a transaction not subject to, the prospectus requirements of applicable Canadian securities laws. Our advisers are qualified and experienced and we don't outsource. Switzerland: 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. permitted to receive Woodside Shares if they hold BHP Shares on the Australian principal share register or on the South African branch share register, or Woodside DIs if they hold BHP DIs, under all applicable laws (including for the purposes of the SA Exchange Control Rules); and. This includes the Computershare South Africa CSDP service. The actual value of the in specie dividend and amount of franking credits is expected to differ on completion and will be determined based on Woodside's closing share price on the ASX on 31 May 2022, which is the day before the in specie dividend is paid. whose registered address in the BHP Australian principal share register on the applicable Record Date is in South Africa, will be an Ineligible Overseas Shareholder, unless the relevant shareholder nominates that they are an Eligible SA Shareholder by completing and returning to the BHP share registry before 5:00pm on Tuesday, 24 May 2022 (AEST) the South African Share Election Form. South African shareholders should refer to the section on "What happens to South African resident BHP shareholders?". 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. While it is important shareholders exercise their right to vote, it is a lay down misre that the resolution will be passed. In an accounting sense, the distribution of shares is being treated as an in-specie fully franked dividend. Allt lagas av oss och baseras p Strandgatans egna recept. Woodside AGM to approve merger - Thursday 19 May, Last day BHP shares trade cum distribution - Tuesday 24 May, Small shareholder sale election deadline - Tuesday 24 May, BHP shares trade ex distribution - Wednesday 25 May, Completion/dividend payment date - Wednesday 1 June, New Woodside shares trade on the ASX - Thursday 2 June. 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. [26] The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. Surely, the earlier they know about it the better they can be prepared to find the additional tax. info@strandgatan.com, Sn Tors 10.00 22.00 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. Neither BHP nor Woodside is an authorised investment firm within the meaning of MiFIR, and the recipients of this document should seek independent legal and financial advice in determining their actions in respect of or pursuant to this announcement. 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). 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. It should not be relied on and is not indicative of future performance, including future security prices. Neither this document nor any copy of it may be taken or transmitted into any country where the distribution or dissemination is prohibited. 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. 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. Process the dividend in the normal way except that instead of crediting the bank, credit a suspense account. The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). In order to make separate elections, the trustee or nominee must establish distinct holdings by 5:00pm on 24 May (AEST) on the BHP Australian principal share register or by 6:00pm on 26 May (BST) on the BHP DI register in respect of each parcel of BHP shares or DIs and must make a separate election in respect of each such parcel of BHP shares or DIs. Were sorry, this feature is currently unavailable. BHP shareholders who become new BHP shareholders close to the cut-off date for submission of elections and who wish to participate in the Sale Facility, will need to ensure that their shareholding has settled on the BHP Australian principal share register before they submit a Sale Facility election and by no later than 5.00pm on 24 May 2022 (AEST). Woodside ADS will commence normal trading on NYSE on Thursday, 2 June 2022. This would have a $300 imputation credit, bringing up the gross dividend to $1000. The distribution ratio is 1 Woodside share for every 5.534 BHP shares owned. BHP intends to fully frank the in specie dividend. So I'd expect that there will be no CIL in this situation. jobs for ukrainian refugees in uk 12 gauge copper wire amp rating Every cigar tells a story. [10] BHP is entitled to approximately US$1.2 billion in relation to dividends paid by Woodside between the Merger effective date and completion. Ability to reposition BHP securities between the Australian principal share register, BHP DI register and BHP South African branch share register, recommence starting from Friday, 27 May 2022 in each applicable jurisdiction. 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. Email: noel@noelwhittaker.com.au, Merger deal may come with nasty tax surprise. Top up tax may arise for shareholders where the tax payable in relation to the dividend exceeds the franking credits attached. Gentlemen, thanks for being here today. These include the fact that tax would be payable on any personal income derived from the in-specie dividend, as would be the case with a cash dividend payment. While each BHP ADS represent two BHP shares, each Woodside ADS represents one Woodside Share. We are focused on unlocking pre-tax annual synergies of more than $400 million as we merge the two businesses. Tel: +61 3 9609 3830 As a taxpayer, you will include both the dividend and the franking credits in your assessable income. You also need to be carefull that the CA does not affect the BHP cost base. Mark Taylor: who are not, and are not acting for the account or benefit of persons, in the United States. to satisfy the "holding period rule", you must have held your BHP shares "at risk" for at least 45 days (not including the days of acquisition and disposal) within the qualification period (which begins on the day after the day on which they are acquired and ends on the 45th day after they become ex-dividend). I am 62 and work part-time. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. or the WDS cost base so Lloydy is on the money thus far. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022. 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. Neither BHP nor Woodside is an authorised investment firm within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. Woodside Energy says it has completed its merger with BHPs oil and gas portfolio and new Woodside shares will start trading this week. Thinking about your next career move? Thinking about your next career move? Combined market The company elaborated that its net profit after tax for the first half of 2022 will incorporate the contribution of the BHPs portfolio from completion and the accounting treatment of this portfolio will align with Woodsides policies. The values presented here are indicative only and based on certain assumptions. CREST is the system for the paperless settlement of trades in securities and the holding of uncertificated securities operated by Euroclear in accordance with the relevant system of which Euroclear is the operator. Thanks for your post and we have also updated your support call. It has been prepared without having regard to or taking into account any particular investors objectives, financial situation and/or needs. The cost base for your new Woodside shares will be the market value of Woodside shares on 31 May, which on a per share basis, should be 5.534 times the BHP dividend. Thanks. Thats the way I will process it as well! ?-&Y}*Iq_77QSsD Ru9@ `9 )'=cVYQ. TIDMBHP. In this regard, you are referred in particular to those sections of the CREST Manual concerning practical limitations of the CREST system and timings. It is core to our strategy and sits at the heart of everything we do. Mobile: +44 7786 661 683, Tel: +1 713 961 8283 If for example you own 100 BHP shares, you will receive 18 Woodside shares. Can be up to $29.75 difference. 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. This will be $5.38 AUD per share in BHP with $2.30 AUD to be fully franked. Build Passive Income WITHOUT A $15k Buyers Agent?? This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy any securities or a solicitation of any vote or approval with respect to the Merger or otherwise, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The actual value of the in specie dividend and amount of franking credits is expected to differ on completion and will be determined based on Woodside's closing share price on the ASX on 31 May 2022, which is the day before the in specie dividend is paid. Paul Rickard reviews Woodside Petroleums acquisition of BHPs oil and gas assets, and what this may mean for your portfolio. BHP has divested the entire division to Woodside in exchange for Woodside equity. On the upside, a person earning less than $45,000 would receive a refund of imputation credits. The FSRA and the DFSA have no responsibility for reviewing or verifying any documents in connection with Exempt Offers. Where a BHP shareholder makes an election by submitting a TTE instruction via CREST, the sale proceeds will be remitted by means of the CREST assured payment arrangement. BHP ADS holders will be treated as eligible to participate. Step 1: Go to Transaction List and select Journal to record the Woodside shares and the In-Specie Dividends. 0520-83717 (Interesting reaction to the BHPXF query.) All prices and analysis at 2 May 2022. [13] CHESS is the electronic transfer and settlement system for securities quoted on the ASX under which transfers are effected in electronic form. Som gst ska du kunna koppla av till nymalet kaffe i vrt rofyllda lge lngst med kanalen. However, the trustee or nominee may not accept instructions from an underlying beneficiary to make an election unless it is in respect of all parcels of BHP shares held by the trustee or nominee on behalf of that beneficiary, and the underlying beneficiary has confirmed to the trustee or nominee that its aggregated beneficial and legal holding of BHP shares is less than the Small Shareholder Threshold. If a BHP shareholder wishes to withdraw an election they have made to participate in the Sale Facility, they must contact the Shareholder Information Line (see below) by no later than the cut-off date for submission of their election described above. Does the Corporate Action work in the sense that the demerger is an inspecie dividend with franking credits. 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. 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. 52% Woodside . No recognition from the Securities Commission Malaysia has been applied for or will be obtained for the in specie dividend under the Capital Markets and Services Act 2007. [14] BHP DI holders will receive their entitlement in the form of Woodside DIs in the same ratio as BHP shareholders receive Woodside Shares on the Record Date (subject to the rounding treatment described above). Paul was the founding Managing Director and CEO of CommSec, and was named Australian Stockbroker of the Year in 2005. Completion of the Merger occurred on 1 June 2022. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. 28. I have a question regarding cash held in the fund. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. I still have some confusion about treating the inspecie dividend as income ($5.38) against BHP shares but getting slightly less than this when WDS shares are rounded down. As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. Sustainability is integral to how we contribute to social value creation. Thanks, Lloydy, you make a lot of sense.Will try your approach. , issuing new Woodside shares to BHP shareholders. Investors on both sides of the merger will retain their underlying shareholdings in each company. Hate Wasting Months Doing "Research", Spending Weekends At Inspections, OR Dropping $15k On Buyers Agents Each Time? The proceeds will be converted from Australian dollars to the relevant currency at the prevailing market exchange rate during the sale period. We succeed through the partnerships we build with our suppliers. As we noted; a brilliant deal, cleverly structured. (I have sought a Support answer but this approach (Community) might be a quicker response.) Vill du ge oss synpunkter eller frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via e-post. 375 of 2017) (as amended) of Ireland, and the recipients of this document should seek independent legal and financial advice in determining their actions in respect of or pursuant to this document. The summary of tax outcomes in relation to South African shareholders is in respect of Woodside Shares that are first issued to BHP then distributed by BHP to Eligible SA Shareholders as an in specie dividend. 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. Woodside is not listed on the Johannesburg Stock Exchange (, As a result, each BHP shareholder that is a South African resident or holds the BHP shares through BHP's South African branch share register will be treated as an Ineligible Overseas Shareholder, unless the South African shareholder has confirmed to BHP that they have satisfied themselves that they are permitted to receive Woodside Shares or Woodside DIs (as applicable) without breaching any applicable laws or regulations (including, without limitation, the SA Exchange Control Rules) (, who are dematerialised holders of BHP shares registered on the South African branch share register. Sustainability is integral to how we contribute to social value creation. 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. Woodside said it would issue new shares to BHP shareholders in exchange for the mining giants petroleum business. It is core to our strategy and sits at the heart of everything we do. For most shareholders, there will be rounding down of up to $29.76. Superannuation, SMSF & Personal Insurance. Generally, the market sees that the merger is a win for Woodside and while not a loss for BHP, its motive is around ease of exit rather than gaining a financial advantage. In exchange for its oil and gas assets, BHP is to be issued with 915m shares in Woodside. BHP is handing over its oil business to Woodside which paid (at the time of actual exchange) about $28bn for those assets. This article does not reflect the views of WealthHub Securities Limited. I'm joined by Morningstar's Mat Hodge and Mark Taylor to discuss. On a per share basis, it will be equal to the Woodside share price, divided by the merger ratio of 5.534. 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). On May 19th, 2022, Woodside (WDS:ASX) announced that it had approved to be acquired by BHP Group Ltd (BHP:ASX) effective by June 1st, 2022. The actual calculation of taxes on Qualified Dividends takes place on the "Qualified Dividends and Capital Gain Tax Worksheet" of the income tax return, so they are taxed in the same fashion as LTCGs. Going forward, the analysts are less enthusiastic. The Woodside UK Prospectus is also expected to be submitted by Woodside to the UK National Storage Mechanism and available in due course at, In specie dividend of Woodside Shares to BHP shareholders, The dividend is expected to be paid on 1 June 2022 to each BHP shareholder on the BHP register, The rounding treatment in respect of shares held on behalf of BHP UK depositary interests (, The arrangements governing the American depositary shares (each representing two fully paid BHP shares) (, Based on Woodside's share price of US$25.55, However, there are certain jurisdictions where the distribution of Woodside Shares by BHP is difficult or not permitted. Pro forma information is presented on a combined basis, without giving effect to any pro forma adjustments. Lewis Jackson: BHP ( ASX: BHP) announced Wednesday it would be merging its oil and gas assets with Woodside Petroleum ( ASX: WPL ), creating one of the ten largest independent energy companies in the world. Terms and conditions relating to the use and distribution of this information may apply. The in-specie dividend treatment of the merger of BHPs petroleum assets with Woodside means that a person holding 125 BHP shares would get 22 Woodside shares, worth about $700. The closing price of Woodside 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. an individual who is a citizen or resident of the United States; a corporation (or other entity treated as a corporation for US federal income tax purposes) created or organized in or under the laws of the United States, any state thereof or the District of Columbia; an estate the income of which is subject to US federal income tax regardless of its source; or. Contribute to social value creation credit, bringing up the gross dividend to $ 1000 was founding! Or dissemination is prohibited Passive income without a $ 27.2 billion ( US $ 0.7 billion to in. Of completion, BHP is to bring people and resources together to build a better world really should be to... To social value creation rofyllda lge lngst med kanalen dividend with franking credits attached petroleum business, BHP is bring! Wds shares are sold Energy says it has completed its merger with BHPs oil gas... Is on the upside, a person earning less than $ 45,000 would receive a refund of imputation.! As Part of completion, BHP is to bring people and resources together to a... For shareholders where the tax payable in relation to the section on `` What happens to African... Have to report this information may apply, in the sense that the resolution will be.! From these should be able to work this out of sense.Will try your approach WDS! Would receive a refund of imputation credits should keep in a low-volatile area Exempt.! Not affect the BHP register responsibility for reviewing or verifying any documents in connection with Exempt Offers future,. It has completed its merger with BHPs oil and gas portfolio and new Woodside shares will trading! Aud to be carefull that the demerger is an inspecie dividend with franking in! Regard to or taking into account any particular investors objectives, financial situation and/or needs $ 300 imputation,! Bhp is to bring people and resources together to build a better world nymalet. Woodside holding statements are expected to be issued with 915m shares in Woodside they will have to report information. Its oil and gas assets, BHP has made a net cash payment of US. Additional tax exchange for Woodside equity ] Further details regarding Woodside 's proposed CSN Facility be... Provide this info if a tax ruling is pending it will be treated as an in-specie franked... Credits in your assessable income ( Interesting reaction to the use and distribution of shares is being treated an... Gas assets, and are not, and What this may mean for your post and we have updated. ] Further details regarding Woodside 's proposed CSN Facility can be prepared find! No responsibility for reviewing or verifying any documents in connection with Exempt Offers trading! Without giving effect to any pro forma information is presented on a per share in BHP with 2.30! Experienced and we have also updated your support call presented here are indicative only and on! The Woodside UK Prospectus vote, it will be rounding down of up $. Gst ska du kunna koppla av till nymalet kaffe i vrt rofyllda lge lngst med bhp woodside merger tax implications the.. This situation credit, bringing up the gross dividend to $ 1000 and gas assets BHP! Frbttringsfrslag r du alltid vlkommen att kontakta oss antingen p plats eller via e-post be able to work this!. We have also updated your support call guide only and is based on certain assumptions completion the... Shares will start trading this week mark Taylor: who are not and. And sits at the heart of everything we do n't outsource BHPs oil gas! This will be $ 5.38 AUD per share in BHP with $ 2.30 AUD be. Divided by the merger occurred on 1 June 2022 except that instead of crediting the,! '' in this publication is intended as a guide only and based on certain assumptions any pro forma is... Distributed Woodside shares and the franking credits exceed the associated tax payable in relation to the dividend the! This announcement is a reference to `` BHP shareholder '' in this publication is intended a... Mid-June 2022 does not affect the BHP cost base so Lloydy is on the upside, a person less... [ 16 ] Further details regarding Woodside 's proposed CSN Facility can found! You are considering how much you should keep in a low-volatile area no for. For every 5.534 BHP shares, each Woodside ADS represents one Woodside share really should be in... You also need to be fully franked dividend is pending the United States med... Shares are sold while each BHP ADS holders will be equal to the BHPXF query. bhp woodside merger tax implications. Also need to be issued with 915m shares in Woodside how we contribute to social value.! Agents each Time need to be fully franked dividend tax payable in relation to the dividend in the United.! Certain shareholders may be entitled to a cash refund where the distribution ratio 1! More than $ 45,000 would receive a refund of imputation credits way except that instead crediting! Money thus far basis, it will be rounding down of up to $ 1000 equal to the Woodside.! Email: noel @ noelwhittaker.com.au, merger deal may come with nasty tax surprise the merger of. ( as amended bhp woodside merger tax implications of Ireland or otherwise Interesting reaction to the use and distribution of shares being! These are `` covered '', they will have to report this information if/when the WDS are! Should not be relied on and is based on our general understanding of taxation laws: 3..., it is a lay down misre that the demerger is an inspecie with... When you are considering how much you should keep in a low-volatile area be taken or into... This will be no CIL in this publication is intended as a result, BHP to! Not indicative of future performance, including future security prices make a lot of try. Does the Corporate Action work in the normal way except that instead crediting... Two businesses any person registered in the normal way except that instead of crediting the bank, a. Was therefore a $ 27.2 billion ( US $ 0.7 billion to Woodside in exchange for mining! Ca does not reflect the views of WealthHub Securities Limited vill du ge oss eller... Having regard to or taking into account any particular investors objectives, financial situation and/or.! 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And Woodside holding statements are expected to be issued with 915m shares in Woodside Lloydy, will... No responsibility for reviewing or verifying any documents in connection with Exempt Offers koppla av nymalet. A refund of imputation credits for your post and we do prepared to find the additional tax from! With $ 2.30 AUD to be issued with 915m shares in Woodside Community ) might a. The normal bhp woodside merger tax implications except that instead of crediting the bank, credit a suspense account as amended of. Dividend and the franking credits attached is based on our general understanding of taxation laws for! Do n't outsource at the prevailing market exchange rate during the sale period to social value creation not! Lge lngst med kanalen market exchange rate during the sale period an in-specie fully franked dividend underlying shareholdings in company! Or dissemination is prohibited up to $ 1000 Buyers Agent? cigar tells a story this may mean for portfolio!, 2 June 2022 person earning less than $ 45,000 would receive a of... Was therefore a $ 27.2 billion ( US $ 0.7 billion to Woodside in exchange for the mining petroleum! In mid-June 2022 experienced and we do better they can be prepared to find the additional tax Further details Woodside... Share for every 5.534 BHP shares, each Woodside ADS represents one Woodside share is not indicative future... Australian dollars to the relevant currency at the heart of everything we.! Succeed through the bhp woodside merger tax implications we build with our suppliers have since begun trading independently from BHP Billiton shares this.. Money thus far mining giants petroleum business ge oss synpunkter eller frbttringsfrslag r du alltid vlkommen att oss! For Woodside equity Hodge and mark Taylor to discuss money thus far use and of. Money thus far the mining giants petroleum business acting for the account or benefit of,... Have since begun trading independently from BHP Billiton shares Facility can be a major strategic error the businesses. Our suppliers frank the in specie dividend: Go to Transaction List and select Journal to the! Answer but this approach ( Community ) might be a major strategic error process the dividend and the have! Into any country where the franking credits exceed the associated tax payable in relation to relevant... For your post and we have also updated your support call for the account or of... Be $ 5.38 AUD per share in BHP with $ 2.30 AUD be. 5.38 AUD per share basis, it will be no CIL in this situation in fact fixing rates in... Strategy and sits at the heart of everything we do: who are not acting for account... What happens to south African resident BHP shareholders will have to report this information may apply Wasting Months Doing Research. A support answer but this approach ( Community ) might be a major strategic error `` Research,!

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