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  • Bonus units



    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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    If you have received bonus units on or after 20 September 1985, you may have to pay capital gains tax if you make a capital gain when you dispose of them.

    The capital gains tax rules for bonus units issued to unit holders in a unit trust are very similar to those which apply to bonus shares. However, these rules do not apply if the bonus units are issued by a corporate unit trust or a public trading trust.

    The unit trust will generally tell you what amount, if any, you have to include in your assessable income on the issue of the bonus units. You need to keep a record of that information to work out your capital gains tax liability when you dispose of them.

    Flowchart 2 in appendix C summarises the rules which apply to bonus units issued on or after 20 September 1985.

    Last modified: 18 Sep 2009QC 18323