Australian Gas Light Company (AGL) return of capital

Find out about the return of capital Australian Gas Light Company (AGL) made to shareholders in 2005.

Last updated 5 October 2009

Overview

This page contains information about the return of capital Australian Gas Light Company (AGL) made to shareholders in 2005.

This information applies to you if:

you are an individual not a company or trust
you are an Australian resident for tax purposes
you held shares in AGL and received the return of capital in 2005
you did not acquire your shares under an employee share scheme, and
any gain or loss you made on the shares is a capital gain or capital loss - this means that you held your shares as an investment asset, not
- as trading stock
- as part of carrying on a business, or
- to make a short-term or 'one-off' commercial gain.

AGL Limited announced a capital return on 24 February 2005 with completion to shareholders on 29 April 2005.

The capital return was $0.50 per share. This payment was a capital payment with no dividend component.

There are two tax consequences to consider.

A CGT event happened on 29 April 2005, when AGL made a capital return on the shares that you held in the company.

If you disposed of the shares after the record date and before the return of capital was received, it is a CGT event.

If you made a capital gain on this CGT event, you must include it in your calculations on your tax return.

Guidance notes about this return of capital and tax implications of owning shares.

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