Share options sale on tax return

Discussion in 'Accounting & Tax' started by mrbleuu, 18th Jul, 2021.

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  1. mrbleuu

    mrbleuu Member

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    1st Jul, 2015
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    I received some free WGB options for holding existing shares earlier this year. I sold all these options via selfwealth. How do I record this for my tax return?

    Do I just include the sale price as a 'gain' event? Or do I need to do more?
     
    mrbleuu, 18th Jul, 2021
    #1
  2. mrbleuu

    mrbleuu Member

    Joined:
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    Adelaide
    Any suggestions?
     
    mrbleuu, 24th Jul, 2021
    #2
  3. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    There is generally information issued by the company when a corporate action occurs. This will usually guide the tax issues. Sometimes the issue of options reduces a costbase on the shares held and gives a costbase to the options and other times it doesnt.

    In the absence of further info the proceeds on sale of the WAM options may produce a taxable gain for the proceeds received.
     
    Paul@PAS, 28th Jul, 2021
    #3