• Disposal of a convertible note in a company or trust or return of money between 20 September 1985 and 11 May 1989

    Attention

    Warning:

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

    End of attention

    If you dispose of a convertible note in a company or trust or decide not to convert it to shares or units but instead ask for the return of the money due on the note, you may be subject to capital gains tax if you acquired the note on or after 20 September 1985 and before 11 May 1989. Your capital gain or loss will depend on the amount of capital proceeds you receive on the sale or redemption of the note.

    Last modified: 18 Sep 2009QC 18323