ato logo
Search Suggestion:

Can you use these worksheets?

Last updated 5 October 2009

You can use these worksheets if, at the time of the acquisition:

  • you were a taxpayer who was an Australian resident for tax purposes
  • you were a PBL shareholder and your shares were disposed to Crown
  • you were not eligible (under Subdivision 130-D of the Income Tax Assessment Act 1997) to have any capital gain you made on the shares as a result of the acquisition disregarded - this is relevant only to shareholders who acquired their PBL shares under an employee share scheme, and
  • any gain or loss you made on your PBL shares was a capital gain or capital loss - this means that you held your shares as an investment asset rather than:
    • as trading stock
    • as part of carrying on a business, or
    • to make a short-term or one-off commercial gain.
     

QC20607