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Inbev buy out

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Occasional Contributor
Very confused. Purchased 400 SAB shares well over 20 years ago. In terms of latest offer from Inbev:- - Option 1 being forced to sell but unable to establish capital gains tax - what would the base cost be - am I correct first R40,000 is tax free. Thereafter what rate of tax do I pay - not consoidered income so hence not my normal tax rate? - Option 2 - get partial cash and Inbev shares but subkect to excon approval - is this a blanket approval or do I need to apply individually? What are the consequences of option 2? Any guidance / information ect will ne much appreciated. Thank you. Ricky
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7 REPLIES 7
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Super Contributor
just roll the dice on 2, or option 3 buy abinbev straight, or option 4 sell straight away. As for cgt , i aint having an idea. Remember option 2 , no trading for 5 years.
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Valued Contributor
cost based in 1 Oct 2001 price when CGT came into action .. is displayed on quote page .. take the cash
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Occasional Contributor
Thanks Koos. Do you know what the exchange control requirements as well as the tax considerations are?
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Occasional Contributor
Thanks Koos. Do you know what the exchange control requirements as well as the tax considerations are?
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Occasional Contributor
Thanks Simon - Ouch
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Super Contributor
Ricky, where does it say no trading for 5 years?
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Super Contributor
heard it on another forum, dude is normally reliable, but every cat has an agenda for cream tease days. Sorry 'bout my monkey_see_monkey_ do copy
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