Shares in Company Trust

Discussion in 'Accounting & Tax' started by GordonR, 7th May, 2008.

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  1. GordonR

    GordonR New Member

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    1st Jul, 2015
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    WA
    The company I am employed by set up a trust for their employees (about 2 years ago). The company has subsequently been sold and I will receive the proceeds of the shares in the trust.

    Can anyone tell me what the basic tax implications are? Is this treated as a capital gain or assessable income?
     
    GordonR, 7th May, 2008
    #1
  2. Rob G

    Rob G Well-Known Member

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    The short answer is there is definitely some tax repercussions.

    Depends on the exact details of the arrangement - which you will need to talk to a Taxation Advisor about.

    Take the details with you as there is a lot to consider.

    Cheers,

    Rob
     
    Rob G, 7th May, 2008
    #2
  3. GordonR

    GordonR New Member

    Joined:
    1st Jul, 2015
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    WA
    Thanks Rob - I guess a lot depends upon the specifics of how the Trust was set up.

    Rgds
    Gordon
     
    GordonR, 7th May, 2008
    #3
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