Tax Information

Tax Return Guide

Tax Return Guide 2017 Opens in new window

Tax Return Guide 2016Opens in new window


Fund Payment Notice

2H17 Fund Payment NoticeOpens in new window

1H17 Fund Payment NoticeOpens in new window

2H16 Fund Payment NoticeOpens in new window

1H16 Fund Payment NoticeOpens in new window

Fund Payment Calculation

The fund payment amount is calculated in accordance with Subdivision 12-H of Schedule 1 to the Taxation Administration Act 1953. This subdivision deals with distributions from Managed Investment Trusts (MITs) to foreign residents.

The Responsible Entity (RE) of a MIT must withhold tax from “fund payment” amounts in respect of distributions it makes during an income year. In determining the amount of the fund payment relating to a particular distribution, the RE of a MIT is required to take into account earlier fund payments made during the current year and changes in circumstances as the financial year progresses. The fund payment amount calculated under Subdivision 12-H may not necessarily be the same as the cash distribution paid.

The method of calculating the fund payment amount is different to the way that a MIT calculates its annual taxable and non-taxable components for income tax purposes. For example, the calculation of the fund payment amount does not include interest income or foreign source income. These amounts are however included in the calculation of the trust’s final annual taxable and non-taxable components for income tax purposes.

FY17 Components

FY16 Components

Summary of Net Asset Values

Australian Capital Gains Tax

A GTY stapled security comprises two separate assets for capital gains tax purposes; a Residential Parks No.2 Trust unit and a Gateway Lifestyle Operations Limited share.

For capital gains tax purposes you need to apportion the cost of each stapled security and the proceeds of 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 assets of the individual entities. For more information, see the ATO website -  https://www.ato.gov.au/General/Capital-gains-tax/In-detail/Shares,-units-and-similar-investments/Stapled-securities-and-CGT/Opens in new windowOpens in new window  .

For the period from 15 June 2015 to 30 June 2017, the relative net assets of a GTY stapled security, are as follows:

RPT2 GLOL TOTAL
15 June 2015 100% 0% 100%
30 June 2015 100% 0% 100%
31 December 2015 100% 0% 100%
30 June 2016 100% 0% 100%
31 December 2016 100% 0% 100%
31 June 2017 100% 0% 100%
 
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