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  • Joint ownership of shares

    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

    Shares may be held in joint names. If you hold shares jointly with another person, such as your spouse, it is assumed that ownership of the shares is divided equally. Shares can be owned in unequal proportions. You have to be able to demonstrate this-for example, with a record of the amount contributed by each party to the cost of acquiring the shares. Dividend income and imputation credits are assessable in the same proportion as the shares are owned.

    Last modified: 23 Dec 2019QC 16138