Original article by Andrew White
The Australian – Page: 21 : 22-Jul-14

The Australian Taxation Office has issued a private ruling that states a capital gains tax charge of $A311m would be created by an unwinding of the cross-shareholdings of Brickworks and Washington H Soul Pattinson. Brickworks has 42.7% of Soul Patts and the listed investment company 44.3% of the building materials group. Soul Patts chair Robert Millner has criticised fund management firm Perpetual and activist shareholder Mark Carnegie for pursuing the split plan, noting that it has caused costs of several millions of dollars

CORPORATES
WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED – ASX SOL, BRICKWORKS LIMITED – ASX BKW, PERPETUAL LIMITED – ASX PPT, TPG TELECOM LIMITED – ASX TPM, NEW HOPE CORPORATION LIMITED – ASX NHC, BKI INVESTMENT COMPANY LIMITED – ASX BKI, MILTON CORPORATION LIMITED – ASX MLT, AMP LIMITED – ASX AMP, QBE INSURANCE GROUP LIMITED – ASX QBE, BRAMBLES LIMITED – ASX BXB, TRANSURBAN GROUP LIMITED – ASX TCL, MH CARNEGIE AND COMPANY PTY LTD, AUSTRALIAN TAXATION OFFICE