Records relating to shares and units

Make sure you keep detailed records of all share transactions, not only for CGT purposes but also to meet your other income tax obligations.

Most of the records you need to work out your CGT when you dispose of shares in companies or units in unit trusts (including managed funds) will be given to you by the company, the unit trust manager or your stockbroker.

It is important for you to keep everything they give you on your shares and units as this will help ensure you don’t pay more tax than you should.

Such records will generally provide the following information on the shares or units:

  • the date of purchase
  • the purchase amount
  • details of any non-assessable payments to you
  • the date and amount of any calls (if shares were partly paid)
  • the sale price (if you sell them)
  • any commissions paid to brokers when you buy or sell.

Special CGT rules affect the records you need to keep for some types of shares and units, including bonus shares and units, rights and options, and employee shares.

For any bonus shares issued before 1 July 1987, you need to know when the original shares were acquired. If you've acquired them since 20 September 1985, you'll also need to know what they cost.

See also:

Last modified: 18 Feb 2016QC 22175