Telstra 2014 share buy-back
Clients who participated in the October 2014 Telstra off-market share buy-back will need to take that into account when lodging their 2014/15 income tax return.
Taxpayers received a payment of $4.60 per share that they sold, which consisted of: a fully franked dividend of $2.27 per share; and a capital component of $2.33* per share.
Note (*): For CGT purposes, participants in the buy-back are deemed to have received $2.77 as the capital component of the buy-back price.
Please contact us on 02 9318 6400 or fred.tortora@surrypartners.com.au for more information.