Bravura Solutions (ASX:BVS) obtained a draft class ruling from the Australian Tax Office (ATO) on the proposed capital return of AU$73.2 million to shareholders, according to a Friday filing with the Australian bourse.
The company applied for a class ruling to confirm the income tax consequences of the proposal for shareholders holding their shares on capital account for tax purposes, the filing said.
The ruling is not binding on the ATO and may not be relied upon until a final ruling is issued, according to the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments