Since the test calculator is built on multiple assumptions (especially on profit pool attributed to DVR share holders which determines the “deemed dividend” amount), it is hard to say with any certainty whether the actual tax outgo will match with what is provided for in the sample calculator or will be higher or lower. Deemed dividend amount per share will likely be different on 1st Sept as current calculation is based on 30th June 2024 numbers. Whether it will be higher or lower, I have no clue.
Based on As Is comparison, my tax outgo would have been 40% higher if I had agreed to hold onto DVR shares and opt for conversion. The additional effort, time, anxiety and head ache of trying to figure out the actual tax outgo and whether it will be beneficial was not worth. So finally sold my shares today.
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