We’re currently updating the guide for the tax return

All our guidance about the tax return will be updated before you receive your tax return for the 2025 income year.

Find your deductible risk-free return

The deduction for risk-free return is a deduction that reduces your taxable share income so that you pay less tax.

The risk-free return calculator helps you to calculate tax-free dividends and gains on share income.

A shareholder’s deduction for risk-free return in the individual year is the share’s input value (plus any previously unused deduction) multiplied by a risk-free interest rate.

Only when you receive a dividend that exceeds the total deduction for risk-free return (the year’s deduction + unused deductions from previous years) will the dividend be subject to tax. In the event of realisation (e.g. gain in the event of a sale), the shareholder can reduce the gain by unused deductions for risk-free returns from previous years. If you own the share for a number of years and do not receive any dividends or the risk-free return exceeds the dividend for the year, you'll accrue unused deduction for risk-free return that you can use in subsequent years to reduce your taxable share income.

Note that the deduction for risk-free return follows the individual share and cannot be transferred to other shares.