Did you make a capital gain or loss on your shares?
You may make a capital gain or capital loss by selling or giving away your shares, including by selling them to the company under a share buy-back arrangement. Even if you did not pay for your shares – for example, you received them under a demutualisation – you may make a capital gain or capital loss when you sell or give them away.
Also, if you use dividends to acquire additional shares in a company – for example, through a dividend reinvestment plan – the additional shares are subject to CGT if you sell them or give them away.
There are other ways of making a capital gain or capital loss on shares. These include:
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if you held shares in a company and during 2009-10 a liquidator or administrator declared the shares worthless, you can choose to claim a capital loss equal to the reduced cost base of the shares (otherwise you may have to wait until the company is dissolved to claim the capital loss).
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if you received a non-assessable payment – also known as a return of capital – you may have to reduce the cost base and reduced cost base of your shares. If the amount of the non-assessable payment is more than the cost base of the shares, the difference is a capital gain.
Fact sheets on some major share transactions affecting shareholders are available in Capital gains tax (CGT) online documentation or on our website www.ato.gov.au.
发表于 21-10-2008 18:58:56
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