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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
I have recently sold some shares that I have held for many years and the accountant is asking for the purchase price of these share to determine if there is any capital gain to be paid. In view of the fact that I have held several shares for over 30 years, how can I determine their purchase price.
Hi Carlyle, thanks for reaching out for further assistance. Determining original purchase price of shares is not something we specialise in however we can suggest you consider the following 2 options:
1. If the share was issued by a publicly traded company (Australian or foreign), you can look up the historical rate for the share online.
2. If the share was bought or sold by a private company or broker on your behalf, you can contact them to request the historical purchase price of the share.