How to handle Woolworths Share BuyBack

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Sharesight makes it easy for investors to handle corporate actions (even complicated acquisitions) and track the capital gains tax implications. By using Sharesight to track the Woolworths Share Buy-Back (WOW) you maintain an accurate record of your portfolio performance.

1 – On the Portfolio Overview Page, click on Woolworths Group Ltd (WOW.ASX) to go to the Individual Holding Page.

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2 – Click ‘Enter a new Trade or Adjustment’.

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3 – On the pop-up window, select ‘Sell’ from the transaction type dropdown.

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Based on the Buyback Scheme Booklet, set the:

4 – ‘Date of trade’: 27 May 2019

5 – ‘Quantity’: Amount of shares bought back

6 – ‘Share price’: Enter 4.79.

7 – Comment: Woolworths BuyBack. The Buyback Record Date is on 27 May 2019.

According to the latest information, for Australian capital gains tax purposes, the deemed capital proceeds is $7.50. We suggest downloading the CGT report to excel and adding $2.71 ($7.50 less $4.79) to the Capital component of the Buy-back price at the end of the tax year.

8 – ‘Choose a file’: to help keep your records in order, you can attach the Woolworths Off-market Buyback letter.

9 – Click ‘Save this trade’ button.

Example: If Woolworths bought back 1,000 WOW shares for the Buyback Programme, the total sell value is $4,790 (1,000 x $4.79).

10– Click ‘Enter a new Dividend’.

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11 - ‘Paid On’: 30 May 2019

12 - Ex-date’: 27 May 2019

13 – ‘Franked Amount’: A$24.15 x number of WOW shares held on Scheme Record Date

Example: If Woolworths bought back 1,000 WOW shares for the Buyback Programme, the Franked Amount is $24,150 (1,000 x $24.15).

14 – ‘Franking Credits’: A$10.35 x number of WOW shares held on Scheme Record Date

Example: If Woolworths bought back 1,000 WOW shares for the Buyback Programme, the Franking Credits is $10,350 (1,000 x $10.35).

15 - Comment: Woolworths BuyBack. Record Date is on 27 May 2019

16 - Click ‘Save new payment’.

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Last modified on June 26, 2019 UTC