Tax Office Issues Must Read Guide for Share Investors!

Tax Office Issues Must Read Guide for Share Investors!

Are you?	- A share investor or considering investing in shares?
At a glance:	- The Tax Office has issued a comprehensive guide on various tax issues associated with investing in shares.
You should:	- Understand the tax implications associated with the ownership of shares. - Contact us if you require any clarification or advice.

1.	The Tax Office has recently published a guide to assist taxpayers who invest in shares to fully understand their taxation consequences.
2.	In the guide, the Tax Office advises shareholders on the correct tax treatment of a whole range of issues including: - Receiving dividends; - Participating in dividend reinvestment schemes; - Bonus shares; - Inheriting shares; - Giving or receiving shares as gifts; - Selling shares; - Demergers; and - The difference between share traders and share investors.
3.	The guide also outlines the record keeping requirements for all your share transactions.
4.	To view the full guide, click here, or visit the ATO website at www.ato.gov.au