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Bravura Solutions Receives ATO Approval on Capital Return

Story Highlights
  • Bravura Solutions specializes in software for wealth management and insurance sectors.
  • ATO’s ruling clarifies tax implications of Bravura’s capital return to shareholders.
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Bravura Solutions Receives ATO Approval on Capital Return

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Bravura Solutions Limited ( (AU:BVS) ) has issued an announcement.

Bravura Solutions Limited announced the Australian Taxation Office’s final class ruling regarding its capital return to shareholders, a decision approved during the 2024 Annual General Meeting. This ruling clarifies the tax implications for shareholders holding shares on a capital account, potentially affecting their financial strategies and providing clarity on tax liabilities. The ruling is significant as it impacts the company’s financial operations and assures stakeholders of the tax treatment of their returns.

More about Bravura Solutions Limited

Bravura Solutions Limited is a prominent provider of software solutions tailored for the wealth management, life insurance, and funds administration sectors. The company offers advanced technology solutions designed to modernize, consolidate, and simplify processes, enabling financial institutions worldwide to enhance market speed, deliver seamless digital experiences, and adapt to regulatory changes.

YTD Price Performance: 6.22%

Average Trading Volume: 1,095,900

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$1.02B

See more insights into BVS stock on TipRanks’ Stock Analysis page.

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