Statwest share sale has anyone worked out their capital gain on e tax?

i understand the tax office calculation...but because statewest wont tell me how much the shares were worth when i joined its confussing. On joining statewest you paid a $10 member ship which entitled you a share in the credit union...but when the shares were sold it says i had 237 shares....but the base payment was 1 share = $10....help i cant afford an accountant....

Each member of StateWest held only one share, however after the merger with Home Building Society each member of StateWest had their StateWest share cancelled (that is, it no longer exists) and received 237 shares in Home.

In accordance with the Independant Taxation Advice (issued by KPMG), your cost base for the share in StateWest was $10 if you bought share after 19 September 1985.

As I wasn't a shareholder of StateWest I'm not 100% sure of the scenario, however if (and I stress IF) CGT roll-over relief was available then you will only have a CGT problem if you ever sell your shares in Home Building Society. If CGT roll-over relief was available then your CGT cost base for your 237 Home Building Society shares is only $10 in total, that is 4.22 cents per share.

Please refer to my sources for further information...

hi check the below link its useful

http://workathomeandearnmoney.blogspot.c...

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