• Non-assessable payments in relation to shares and units

    A non-assessable payment is a payment you receive from a company or trust in relation to your shares or units that is not included as part of your income in your tax return.

    If you receive a non-assessable payment or distribution, you may need to adjust the cost base of your shares or units for CGT purposes.

    If the non-assessable payment or distribution exceeds the cost base of your shares or units, the excess is a capital gain and the cost base of your shares or units is reduced to zero.

    You must keep accurate records of the amounts and dates of any non-assessable payments.

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    Last modified: 17 Jul 2017QC 52213