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World Stock Markets
25 Nov 2014


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Share Buy-backs

 

Where shareholders have disposed of shares back to their company under a buy-back arrangement they may have made a capital gain or loss. Generally part of the share buy-back price includes a fully franked dividend.

Often a share buy-back has significant tax advantages in that you can declare a capital loss on a transaction with which you have made a hefty profit. There is often also a large franking credit, the latter particularly beneficial to those on zero tax rates such as a SMSF in pension phase. 

Timing is important. It may be when an application is lodged to participate in the buy-back or if it is a conditional offer, the time the offer is accepted. 

 

Does it apply to you?

It should be noted that this information generally applies to individual Australian residents for tax purposes who did not acquire shares under an employee share scheme and any gain or loss on the shares is regarded as a capital gain or capital loss (meaning the shares are held as an investment asset, not as trading stock or as part of carrying on a business, or to make a short-term or ‘one-off’ commercial gain.)

An example of some of the off-market share buy-backs and their tax consequences feature in the table below. For the full table please click on the link below the table.  

 

AUSTRALIAN SHARE BUY-BACKS  2000 - 2013 (to 31/12/2013)

                                                                               Last updated: 3 January 2014

Company Date Shareholders
received per share
$
Dividend
included per share
$
Capital +
proceeds per share
$

Notes
(see below)

Aconex Limited 11-Dec-08 1.42
1.42
Alumina Limited 23-Apr-07 6.48 6.12 1.36 16
Ansell Limited 13-Dec-04 9.20
9.20 10
BHP Billiton 23-Nov-04 12.57 10.47 4.04 5
To download the full table (containg more than 50 buy-backs) please click here

 

 

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