Hello dear GQLers, and holders of the Tencent Akie $700 (-2,42%) who were affected by the Meituan $3690 (-6,03%) spin-off in January...
This was after all first booked in as a stock dividend, then booked out again and booked in as a spin-off.
Now I noticed that I was charged taxes after step 1, which I was not refunded after derecognition. Here I would have expected a loss in the full amount of the derecognition to recover the tax paid.
The spin-off was then booked as such and the original cost price was split in proportion to the split.
This means that I also pay tax again on the sale😱.
Did this happen to you guys as well and how did you react? Have you contacted your broker?
Or do I have a thinking error here and this is correct?
This is what happened with Smartbroker and TR.