How to handle Suncorp distribution

Content also available for tax entities or on our global site.

Sharesight makes it easy for investors to handle corporate actions and track the capital gains tax implications. The benefit of using Sharesight to track the Suncorp (SUN) distribution also ensures that you maintain an accurate record of your portfolio performance.

Suncorp announced a share consolidation and capital return back in 07 August 2019.

Sharesight automatically populated the consolidation trade in your portfolio. For the capital return, you need to create a ‘Return of Capital’ trade and add the amount received (39 cents per share x quantity held).

1 – Click on Suncorp, SUN.ASX on the Portfolio Overview Page, to go to Individual Holding Page.

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2 – Click ‘Enter a new Trade or Adjustment’.

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3 – On the pop-up window, select ‘Return of Capital’ from the transaction type dropdown.

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Based on the Suncorp distribution announcement, set the:

4 – ‘Paid on’: 24 Oct 2019 5 – ‘Date of trade’: 24 Oct 2019 6 – ‘Capital Return Value’: 39 cents x quantity held on record date

Example: 1,000 shares x $0.39 = $390

7 – Click ‘Save changes’

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The guide above is a suggestion on how to handle the corporate action in Sharesight and is not finance or tax advice. We advise you to consult your financial advisor or accountant. We also encourage you to review the official Documents for full details.

Last modified on August 19, 2021 UTC

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