Woolworths shareholders will be issued Endeavour Group shares which are expected to commence trading on the ASX on Thursday 24 June. Participants are advised to refer to all announcements by Woolworths for information, updates, and full timetables for the proposed transaction. In the past, the Courts have held that in case the predecessor ceases to exist pursuant to a business reorganisation, then the tax proceedings against predecessor become illegal and void. 2 Click Enter a new Trade or Adjustment. See Cost base of new units. The company that transfers such business operation is known as the "demerged" company, while the company to which the business is transferred is known as the "resulting . Prima-facie, it seems that the said amendment should not apply to intangible assets other than Goodwill. With net debt of $1.3bn, this gives a market capitalisation of $13.7bn, equivalent to a share price of $10.80. Generally, the company that merges or amalgamates is known as the amalgamating company or transferor company.The corporate identity of the transferor company ceases to exist post amalgamation.The company into which the amalgamating or transferor company merges or amalgamates is known as the amalgamated company or transferee company. For the purposes of this section, "net worth" shall mean the aggregate of the paid-up share capital and general reserves as appearing in the books of account of the demerged company immediately before the demerger, The cost of the original shares held by the shareholders in the demerged company shall be deemed to be reduced by the cost of the shares assigned to the shares of the resulting company. However, the $4.76 decline in its share price was more than offset by the $6. An argument can also be put forth that since depreciation on goodwill is not allowable on account of the amendment, it becomes imperative to carve out goodwill from other intangibles which as a matter of practice may have been clubbed in a common basket and termed as goodwill in the financial statements. Read the tax part of the demerger booklet? Section 47(viab) read with Explanation 5 to Section 9(1)(i) of the Act. Each stapled unit in SCA Property Group is made up of: You therefore received units in both of these trusts. // -->