BHP DI holders holding through the BHP CSN Facility will be treated as eligible to participate. Find out more with a free planning session. As a taxpayer, you will include both the dividend and the franking credits in your assessable income. Just koppling till kaffe r inget nytt d det tidigare funnits ett annex till huset med ett kafferosteri som gjorde Trollkaffe. It should also make Woodside more financially resilient. Hi All. Woodside has today published an explanatory memorandum and notice of meeting for the Woodside shareholder vote scheduled for 19 May 2022. This document does not constitute investment advice or the provision of investment services within the meaning of the European Union (Markets in Financial Instruments) Regulations 2017 (S.I. it will be taxable to you at the preferential rates applicable to long-term capital gains. [4] Based on Woodside's share price of A$33.74 at 6 April 2022 converted at an exchange rate of AUD/USD 0.7572. [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). 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. If for example the Woodside share price on 31 May is $32.00, the BHP dividend will be $5.78 per share. In what form will BHP shareholders receive Woodside Shares? Avnjut grna med ett glas vin eller svalkande l till. Thanks guys. 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. These laws may change, possibly retroactively, and any change could affect the continuing validity of this discussion. [21] 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. inclusion of intercompany and cash balances that were excluded from the BHP Petroleum net assets disclosed as 'held for sale' in BHP's half year financial report; additional depreciation expense of approximately US$150 million, as depreciation has not been recognised by the BHP Group from the point in time that BHP Petroleum was classified as 'held for sale' following the signing of the SSA in November 2021; and. BHP has paid the in specie dividend and distributed Woodside shares today in line with the details described in BHPs announcement on 20 May 2022. Any general tax information provided in this publication is intended as a guide only and is based on our general understanding of taxation laws. We believe the future is increasingly clear and our strategy, portfolio, capabilities and approach to social value position us to play an important role in meeting the twin objectives of an accelerated energy transition, and continued economic development and improvement in living standards. Because while the world relies on the resources we find, BHP relies on people like you. In the energy sector, some see better value in Santos (STO). Stay in touch with the latest news, stories and insights from BHP. :LS Oe.xzB1m qw'{2sq*A7\O 5wu=NGL_R,D}rD(ASlHqED>]2VEd=7d3jhQ@/O0TK "aQ5@F"p$ %2Q^qR& %hGQ3D`{,X:LL6r$;nzb On 22 November 2021, BHP and Woodside announced they had entered into a binding share sale agreement under which Woodside would acquire the entire share capital of BHP Also need to ensure that (1) theres no change to BHP cost base, (2) WDS is purchased at $29.76/share. Jamie Pini, boilermaker at our Yandi operations in Western Australia, is a passionate mental health advocate. [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. [email protected], Sn Tors 10.00 22.00 For Australian resident shareholders, it will be taxed just like any other dividend. I have not received a dividend statement from BHPs share registry (Computershare) not can I find anything on Computershares web site. The acquisition date will be 1 June. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. Thanks, Lloydy, you make a lot of sense.Will try your approach. 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. It is also worth noting that BHP shareholders who are Australian tax residents would be able to use franking credits to offset any tax payable on the dividend. I received 11 shares of WDS and I had a little over 30 shares of BHP. Our clients are global and know we are property tax professionals. 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. What are the tax outcomes of the in specie dividend? Vi strvar stndigt mot att bli bttre. Mobile: +44 7961 636 432, Registered Office: Level 18, 171 Collins Street. We are both working, with a combined salary of $220,000 a year. Does the amount of cash held include dividends received in any given year, or are the dividends in addition to the cash amount? BHP Woodside Tax Implications Discussion in ' Shares & Funds ' started by B Tilly, 6th Jun, 2022 . I am aged 63, my wife is 60, and we are in no rush to retire. Were working to restore it. Because the distribution is being implemented via the payment of a dividend, the capital implications are minimal. 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. Any idea of where to go from here? In addition, this summary does not address the Medicare tax on certain investment income, information reporting and backup withholding requirements, US federal estate or gift tax laws, any state, local, or non-US tax laws, any tax treaties, or any other tax laws. Dr tillagas varierande mat med hgsta standard. [31] 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. 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); 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. 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. The implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. By Damon Evans 17/08/2021, 8:45 am Updated: 17/08/2021, 9:46 am 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. It should not be relied on and is not indicative of future performance, including future security prices. Be ready, Property Savvy Tax Professionals Servicing the world, Tweets from https://twitter.com/PropertyChatAU/lists/business-members. A reference to "BHP shareholder" in this announcement is a reference to any person registered in the BHP register. 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. Surely, the earlier they know about it the better they can be prepared to find the additional tax. 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 implied value of BHP Petroleum is based on BHP shareholders' share of the enlarged Woodside market capitalisation. The franking credits can then be used as a tax offset. 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. , issuing new Woodside shares to BHP shareholders. United Arab Emirates (UAE): This document is not a prospectus and not an offer of securities for sale or subscription in the UAE. (I have sought a Support answer but this approach (Community) might be a quicker response.) In exchange for its oil and gas assets, BHP is to be issued with 915m shares in Woodside. The sale facility is the facility organised by BHP pursuant to a Share Sale Facility Agreement under which a sale agent, J.P. Morgan Securities Australia Limited or one of its affiliates, will sell the Woodside Shares represented by (i) the aggregate of all fractions of a Woodside Share that are subject to the rounding treatment described above to ensure each BHP shareholder receives a whole number of Woodside Shares; (ii) the dividend entitlement of Ineligible Overseas Shareholders; and (iii) Eligible Small BHP shareholders who have validly elected to have the Woodside Shares to which they are otherwise entitled sold via the Sale Facility. We do this through our strategy to deliver long-term value and returns through the cycle. BHP shareholders are expected to be entitled to one Woodside Share for every 5.5340 BHP shares they hold on the Record Date. Woodside shareholders dont need to do anything. 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. Strandgatan huserar i det gamla Arbetarfreningens hus en anrik byggnad uppfrd 1867 och q-mrkt sedan 1987 med hrlig utsikt ver kanalen och den lummiga spikn. Unlike Woodside shareholders, BHP shareholders arent being asked to approve the merger. Thinking about your next career move? 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. In the main, they feel that Woodside is fairly fully priced, with a consensus target price (according to FN Arena) of $31.13. Doesnt look like BHPXF needs to be created. The in-specie dividend treatment of the merger of BHPs petroleum assets with Woodside 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. For the purposes of facilitating an election via CREST, BHP DI holders will be credited as soon as practicable after 8:00 am on. Many BHP shareholders could be in for a shock at tax time. Received some Woodside Shares from the recent merger. He shares his three tips on finding FIFO happiness. 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). 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