A CGT event happened when you disposed of your St George shares in the merger with Westpac on 1 December 2008.
You may have made a capital gain or a capital loss on your St George shares, depending on their cost base (or reduced cost base) and the amount you received for them.
Work out if you have made a capital gain or capital loss using the value of the capital proceeds for each St George share on 1 December 2008.
The capital proceeds for each St George share was $22.5165 [1.31 multiplied by $17.1882 (the market value of a Westpac share)].
You may own shares that have different cost bases (or reduced cost bases) and it is possible for you to have made both a capital loss and a capital gain on different St George shares. The following table will help you.
Note: For information on how to work out the cost base and reduced cost base for shares, see the Guide to capital gains tax.
For each St George share with a: |
you have made: |
equal to: |
|---|---|---|
cost base of less than $22.5165 |
a capital gain |
$22.5165 minus the cost base of the share |
reduced cost base of more than $22.5165 |
a capital loss |
the reduced cost base of the share minus $22.5165 |
Scrip for scrip rollover is available for this merger if you made a capital gain.