IAG 1.80% $6.79 insurance australia group limited

iag and its recent buy back

  1. 1,919 Posts.
    IAG and its recent BUY BACK offering:
    This is the first time I have participated in BUY BACK and what I have found that I received one payment cheque but in tax return I am required to declare that amount as income at 2 places;
    (1) as Dividend Income; although its fully franked
    (2) as Capital Gain Income; although only half because of more than 12-mths keeping
    Still in doing that I find I am a looser though on paper it looks I am a winner. Normally dividend is a separate income and capital gain is another income when you sell the stock.
    Can anyone on HC please clarify?
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$6.70 $6.82 $6.67 $39.87M 5.893M

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No. Vol. Price($)
7 105659 $6.78

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Price($) Vol. No.
$6.80 24423 4
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Last trade - 16.10pm 21/02/2020 (20 minute delay) ?
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