What records do you need for bonus shares?



This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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To be safe, if you have received any bonus shares on or after 20 September 1985, keep all the documents the company gives you.

For bonus shares issued out of what used to be a share premium account that is, before 1 July 1998 - and for any bonus shares issued before 1 July 1987, you need to know when the original shares were acquired. If you acquired the original shares on or after 20 September 1985, you will also need to know what they cost. Keep a record of any amounts you paid to acquire the bonus shares and any amounts taxed as a dividend when they were issued. Keep your records for 5 years after you dispose of any of your shares or units. Flowchart 1 in appendix C summarises the different rules which apply to the treatment of bonus shares.

Last modified: 18 Sep 2009QC 18323