If you purchased shares in the third Commonwealth Bank of Australia (CBA) offer 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 first and final instalment amounts is available from the date when the first instalment was paid. Indexation is available from the following dates:
- for CBA 3-13 July 1996 (first instalment date)
- for Telstra 1-15 November 1997 (first instalment date).
For more information, see the publication Personal investors guide to capital gains tax.