Calculating Cost Base For Australian Capital Gains Tax Purposes
Following the stapling restructure implemented on 22 November 2018, for Australian Capital Gains Tax (CGT) purposes, each Infigen Energy stapled security is considered to comprise two separate CGT assets being a share in IEL and a unit in IET. If you dispose of any part of your investment in Infigen Energy, you will need to do a separate CGT calculation for each of your respective investments in IEL and IET.
This means that technically you will need to apportion your acquisition cost and your sales proceeds between the shares in IEL and the units in IET. However, in most cases the aggregate of the two separate calculations will produce the same net result as if the disposal were treated as the disposal of a single asset.
The apportionments must be done on a reasonable basis. The information below is provided to assist you in performing the apportionments.
Note that prior to implementation of the stapling restructure on 22 November 2018, Infigen Energy stapled securities comprised three components: a share in IEL, a unit in IET and a share in Infigen Energy (Bermuda) Limited. Further information regarding the stapling restructure was included in the AGM Notice of Meeting, dated 8 October 2018.
Proportion of NET assets of IEL, IEBL AND IET
|DATE||IEL NET ASSETS %||IEBL NET ASSETS %||IET NET ASSETS %|
|28 October 2005||0.00||0.46||99.54|
|31 December 2005||0.00||0.38||99.62|
|30 June 2006||0.00||0.38||99.62|
|31 December 2006||0.00||0.29||99.71|
|30 June 2007||0.00||0.26||99.74|
|31 December 2007||0.00||0.11||99.89|
|30 June 2008||0.00||0.00||100.00|
|31 December 2008||0.00||0.00||100.00|
|30 June 2009||5.93||0.01||94.06|
|31 December 2009||4.98||0.00||95.02|
|30 June 2010||0.00||0.00||100.00|
|31 December 2010||0.00||0.00||100.00|
|30 June 2011||0.00||0.00||100.00|
|31 December 2011||0.00||0.00||100.00|
|30 June 2012||0.00||0.00||100.00|
|31 December 2012||0.00||0.00||100.00|
|30 June 2013||0.00||0.00||100.00|
|31 December 2013||0.00||0.00||100.00|
|30 June 2014||0.00||0.00||100.00|
|31 December 2014||0.00||0.00||100.00|
|30 June 2015||0.00||0.00||100.00|
|31 December 2015||0.00||0.00||100.00|
|30 June 2016||0.00||0.00||100.00|
|31 December 2016||0.00||0.00||100.00|
|30 June 2017||0.00||0.00||100.00|
|31 December 2017||0.00||0.00||100.00|
|30 June 2018||0.00||0.00||100.00|
|31 December 2018||0.00||0.00||100.00|
|30 June 2019||0.00||0.00||100.00|
You should not rely on this information as taxation or financial advice as it may not be applicable to your specific circumstances. Advice relating to your particular tax issues should be obtained from your accountant or other professional adviser.