Telstra 3 shares
This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
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If you purchased shares in the Telstra 3 share offer, you would have received an instalment receipt after making your first payment. The instalment receipt was issued as evidence that you owned a beneficial interest in the shares.
If you sold the instalment receipts or shares for less than the amount you paid for them, you may apply the loss against any capital gains for the income year or carry forward the loss if you do not have a capital gain for the year. If you made a gain, you may have to pay CGT on the difference between the capital proceeds from the sale and the cost base of the instalment receipts or shares.
You will not be entitled to indexation of the cost base of the instalment receipts or shares as they were purchased after 11.45am (by legal time in the Australian Capital Territory) on 21 September 1999.
For more information, see the Personal investors guide to capital gains tax 2008 and the electronic publication Telstra Corporation Limited Tranch 3 (T3) Instalment Receipts at ato.gov.au
Last modified: 04 Mar 2016QC 27923