Australian capital gains tax considerations
A HomeCo stapled security comprises two separate assets for capital gains tax purposes, being a share in Home Consortium Limited (HCL) and a share in Home Consortium Developments Limited (HCDL). 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.
| Date |
Home Consortium Ltd |
Home Consortium Developments Ltd |
HomeCo Group Total |
| 31-Dec-19 |
100.00% |
0.00% |
100.00% |
| 30-Jun-20 |
100.00% |
0.00% |
100.00% |
| 31-Dec-20 |
99.94% |
0.06% |
100.00% |
| 30-Jun-21 |
99.63% |
0.37% |
100.00% |
Capital distribution of units in HomeCo Daily Needs REIT
Tax information guide for Australian resident HomeCo securityholders
