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  • Dividends

    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 own shares in a company you will generally be paid your share of the company's profits as a dividend. In any financial year you may receive both an interim and a final dividend. In most circumstances you will be liable to pay income tax for that financial year on the dividends you are paid or credited.

    You must include dividends paid to you in your assessable income. Your shareholder dividend statement should contain details of the date a payment was made to you-generally referred to on the statement as the payment date or date paid. Where the dividend is paid by cheque, it is deemed to have been paid on the date the company posted the cheque to you-not on the date the cheque was received, banked or cleared.

    A dividend can be paid to you as money or other property, including shares.

    Last modified: 05 Dec 2006QC 16138