Taxation and Capital Gains
- If I sell my Stapled Securities, how do I calculate my capital gains tax?
- What is tax deferred income?
- When will I receive the annual tax statement?
- Where can I get the breakdown of the taxation components on a percentage basis?
- Cost Base Information
If I sell my Stapled Securities, how do I calculate my capital gains tax?
A Westfield Corporation Stapled Security comprises three separate assets for capital gains tax purposes (one Westfield Corporation Limited share, one WFD Trust unit and one Westfield America Trust unit). For capital gains tax purposes you need to apportion the cost of each Stapled Security and the proceeds on sale of each Stapled Security over the separate assets that make up the Stapled Security. This apportionment should be done on a reasonable basis. One possible method of apportionment is on the basis of the relative Net Tangible Assets of the individual entities, which can be located on the Taxation Information page.
What is tax deferred income?
WFD Trust and Westfield America Trust pay distributions which usually contain a tax deferred portion. We will confirm any tax deferred amounts paid to you in your annual taxation statement. More information about tax deferral is available from the ASX website.
When will I receive the annual tax statement?
The annual tax statements will be forwarded to investors each year during the month of July. If you are searching for information about how to complete past tax returns, please refer to the relevant tax guides on this website at Taxation Information.
Where can I get the breakdown of the taxation components on a percentage basis?
This information is available at Investor Services on the Westfield Corporation website at Taxation Information.
Cost Base Information
Cost base information can be located on the Taxation Information page.