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  • Commonwealth Bank and Telstra 1 shares



    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 purchased shares in the Commonwealth Bank of Australia (CBA) or the first float of Telstra from the Government (through instalment receipts) and you sold them during the year, you may have to pay capital gains tax.

    If you use the indexation method to calculate your capital gain, indexation of the instalments is available from the following dates:

    for CBA

    first instalment-13 July 1996
    final instalment-14 November 1997

    for Telstra

    first instalment-15 November 1997
    final instalment-17 November 1998

    For more information, see Taxation Determination TD 98/11 CBA and Telstra public share offers or the publication Personal investors guide to capital gains tax.

    Last modified: 13 Dec 2019QC 27432