Guide to capital gains tax 2010-11

Investments in shares and units

This section explains your CGT obligations if you sold or otherwise disposed of any shares or units in a unit trust (including a managed fund) in the 2010-11 income year. It also explains what happens when you have a CGT event under a demerger. For information about distributions from a unit trust (other than under a demerger) in the 2010-11 income year, see Trust distributions.

Managed fund A managed fund is a unit trust. Where we refer to a unit trust in this guide we are also referring to a managed fund.

Sections within Investments in shares and units

• How capital gains tax affects shares and units
• Identifying shares or units sold
• Demutualisation of life insurance and general insurance companies
• Demutualisation of private health insurers
• Demutualisation of friendly societies
• Share buy-backs
• Shares in a company in liquidation or administration
• Takeovers and mergers
• Scrip-for-scrip rollover
• Demergers
• Dividend reinvestment plans
• Bonus shares
• Bonus units
• Rights or options to acquire shares or units
• Exercising rights or options to acquire shares or units
• Convertible notes
• Stapled securities
• Employee share schemes
• Non-assessable payments
• Investments in foreign hybrids
• General value shifting regime (GVSR)
• Using the capital gain or capital loss worksheet for shares