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What are the capital gains tax consequences of the disposal of my St George shares?

April 26, 2017capital gains consequences disposal George Shares St tax

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What are the capital gains tax consequences of the disposal of my St George shares?

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A CGT event happened when you disposed of your St George shares in the merger with Westpac on 1 December 2008. You may have made a capital gain or a capital loss on your St George shares, depending on their cost base (or reduced cost base) and the amount you received for them. Work out if you have made a capital gain or capital loss using the value of the capital proceeds for each St George share on 1 December 2008. The capital proceeds for each St George share was $22.5165 [1.31 multiplied by $17.1882 (the market value of a Westpac share)]. You may own shares that have different cost bases (or reduced cost bases) and it is possible for you to have made both a capital loss and a capital gain on different St George shares. The following table will help you.