The final and special dividend totalling $1.25 per share paid by St George on 18 December 2008 is assessable income and should be included as a dividend in your 2008-09 tax return. The final and special dividend does not form part of the capital proceeds received by you.
For more information on the merger, see Class Ruling CR 2008/63 Income tax: scrip for scrip: merger of St George Bank Limited and Westpac Banking Corporation. |