Bottrell Accountants, Financial Planners & Tax Agents

Telstra 2014 share buy-back

Telstra 2014 share buy-back

Clients who participated in the October 2014 Telstra off-market share buy-back will need to take that into account when lodging their 2014/15 income tax return.

Taxpayers received a payment of $4.60 per share that they sold, which consisted of: a fully franked dividend of $2.27 per share; and a capital component of $2.33* per share.

Note (*):  For CGT purposes, participants in the buy-back are deemed to have received $2.77 as the capital component of the buy-back price. 

Gavin:  Please contact our office if you would like to discuss. 

 

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