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  • Bonus shares and bonus units


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

    End of attention

    Bonus shares are additional shares received by a shareholder in respect of shares already owned. These shares may be received by a shareholder as a dividend in whole or part. The shareholder may also pay an amount to obtain them.

    Bonus units may also be received in a similar way.

    The CGT rules for bonus shares and bonus units are also very similar. If you have sold bonus shares or units, you may need to seek advice from the ATO to determine your capital gains tax liability.

    Note: For more information about the issues covered in this chapter, obtain a copy of the Guide to capital gains tax 2001. You and your shares is another useful publication.

    Last modified: 06 Oct 2009QC 16182