If you were a nib eligible policyholder who received nib shares and sold them in the sale facility prior to the listing of nib, you would not have made a capital gain or capital loss on your nib shares.
If you were a nib eligible policyholder who received nib shares and did not sell them in the sale facility prior to the listing of nib, you would not have made a capital gain or capital loss at the time your nib shares were issued to you.
IPO Share Allotment Process - Hindi - IPO में Shares कैसे Allot होते हैं ?
However, if you dispose of your nib shares, this will constitute a CGT event and you may generate a capital gain or capital loss in connection with that event.
You will make a capital gain if the capital proceeds you receive on the disposal of your shares is greater than your cost base as at the time of the CGT event. You will make a capital loss if your capital proceeds are less than your reduced cost base.
If you make a capital gain on disposal of your nib shares and are an individual, trust or complying superannuation fund, you may be eligible for a discount on your capital gain if you held your nib shares for at least 12 months before the time of the CGT event.
The tax consequences for a shareholder with respect to CGT may vary depending upon a shareholder's individual circumstances.
You should consult your own tax adviser as to the potential tax consequences for you with respect to CGT.