I am an Australian tax resident and disposed of my AMP shares after 23 December 2003. How do I calculate the cost base of the shares I held as at 23 December 2003?
If the ONLY shares you owned at 23 December 2003 were the shares issued in the demutualisation, the cost base is calculated as follows: • The original cost base was A$10.43. • Post the AMP demerger (23 December 2003) the cost base was reduced to approximately A$7.39 • Following the A$0.40 per share capital return in June 2005, the cost base was reduced to approximately A$6.99 • Following the A$0.40 per share capital return June 2006, the cost base was, reduced to approximately A$6.59 • Following the A$0.40 per share capital return June 2007, the cost base was reduced to approximately A$6.19.If you purchased AMP shares, prior to 23 December 2003, through the prelisting facility in June 1998, Share Purchase Plans, Dividend Reinvestment Plan, off market transfers or on market purchases, you will need to refer to your 2004 income tax return or speak to your tax adviser who prepared your 2004 income tax return. This is because the AMP demerger in December 2003 involved canceling in total 29
