TAX IMPLICATIONS OF SHARES
Too many investors make investment decisions based on minimising tax. You should base investment decisions primarily on investment merit. Tax should be a secondary consideration, not the primary one.
When you buy and sell shares for a profit, you realise a capital gain. Generally, tax must be paid on this. Tax on dividends must also be paid, but it all depends on how much (if any) tax the company has paid (fully franked or partially franked dividends, as discussed previously) and whether there are imputation credits and so on.
For further details, please contact an accountant or the Australian Tax Office.
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