Distribution Reinvestment

Discussion in 'Share Investing Strategies, Theories & Education' started by MasterCheif, 27th Jun, 2008.

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  1. MasterCheif

    MasterCheif Active Member

    Joined:
    1st Jul, 2015
    Posts:
    42
    Location:
    Melbourne
    Hi All,

    I have my distributions reinvested for STW do I need to pay any tax on these distributions? Also will they be allocated to my CHESS holdings and therefore can be sold via my comm sec account?

    Many Thanks.
     
    MasterCheif, 27th Jun, 2008
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,415
    Location:
    Sydney
    Yes you will need to declare the income on your tax return. They will send you a statement detailing how much you earned for the year and what the tax breakdown is (eg income vs realised capital gain etc).

    Yes the reinvested units will automatically appear in your CHESS holdings and you will get a statement about that too.

    ... at least that's how it happens with the shares we own that have a DRP!
     
    Simon Hampel, 28th Jun, 2008
    #2