During the 2006-07 financial year, listed companies in Australia bought back over 350 million shares according to the A.T.O. This amount to over $5 billion.
Shareholders who have participated in these buy-backs will need to work out any capital gain or loss and include this in their 2007 tax return.
Remember, dividends paid as part of any share buy-back must also be declared in your tax return.
0 comments:
Post a Comment