Bravura Solutions (ASX:BVS) said the Australian Taxation Office determined a final class ruling in relation to its return of capital, according to a Wednesday Australian bourse filing.
The capital return was approved by the firm's shareholders at its 2024 annual general meeting, and was implemented by the firm on Jan. 30, the filing said.
The ruling sets out the income tax consequences of the return of share capital payment of AU$0.163 per ordinary share for the firm's shareholders who hold their shares on capital account for tax purposes.
The firm's shares rose 19% on market close on Wednesday, reaching a three-year high point.
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