South32 shares

I have acquired South32 shares through my ownership of BHP BIlliton Shares.

I am trying to understand if these South32 shares are provided as a result of a BHP return of capital, or simply “free”. If they’re “free” has there been a determination of what their cost basis is for capital gains purposes?

A: Thanks for the question and apologies for the delay in reply.

South32 shares are not free.

You should by now have received a letter in the mail that explains how to apportion your original cost base for your BHP shares across your BHP shares (post de-merger) and new South32 shares.

92.1% is apportioned to BHP, and 7.1% is apportioned to South32.


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