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You and your shares 2011-12

Liquidation, takeovers, mergers and demergers

If you purchased shares in a company that has gone into liquidation, see the Guide to capital gains tax for information on how to calculate your CGT.

If you purchased shares in a company that has been taken over or merged with another company, see the Personal investors guide to capital gains tax for information on how to calculate your CGT.

If you have received new shares under a demerger that happened on or after 1 July 2002, you may be eligible to choose demerger rollover relief. See the Guide to capital gains tax for further information.

Last Modified: Thursday, 28 June 2012

Table of contents

How to obtain this publication

About this guide

How does a company pay dividends and distributions?

How dividends are taxed

How non-share dividends are taxed

The dividend or distribution statement

Taxation implications

Effect on tax payable

Your franking tax offset

When you are not entitled to claim a franking tax offset

Allowable deductions from dividend income

Dividends paid or credited by non-resident companies

Dividends paid or credited to non-resident shareholders

Partners who have an amount attributable to a dividend included in their net income or loss from a partnership

Beneficiaries who have an amount attributable to a dividend included in their net income from a trust

Joint ownership of shares

Liquidation, takeovers, mergers and demergers

Off-market share buy-backs

Keeping records

Private company transactions treated as dividends

Trust loans, payments and forgiven debts treated as dividends

Sale or disposal of company bonds and convertible notes

More information

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