New: 2022 Tax guide for Share owners (Issue 8)

18 October 2022

The guide examines:

• the tax consequences of holding shares as trading stock compared to holding them as capital assets;
• how to distinguish between profits of a capital and revenue nature using common law principles and statutory rules;
• the determination of a taxpayer’s liability for capital gains tax;
• how dividends are taxed; and
• various corporate actions that can impact on the determination of a person’s liability for tax.

This guide is based on legislation as at 19 January 2022 and primarily focuses on the 2022 year of assessment although much of the commentary will also apply to earlier years of assessment. You can access the guide here.