Capital Gains Tax
Following the stapling restructure implemented on 22 November 2018, as a security holder in Infigen Energy (ASX: IFN), you own shares in an Australian company, Infigen Energy Limited (IEL) and units in a trust which is an Australian registered scheme, Infigen Energy Trust (IET). Each share in IEL and each unit in IET remain separate assets for Australian capital gains tax purposes.
To calculate your cost base for each separate capital gains tax asset, you will need to split the acquisition cost of each stapled security between the three assets. This split needs to be done on a reasonable basis. While it is for you to decide how to split the acquisition cost of your stapled securities you might decide to use the relative proportion of net assets of IEL and IET.
Click here for information about calculating your cost base for Australian capital gains tax purposes.
Non-Tax Residents are advised to obtain their own tax advice in relation Capital Gains Tax status and treatment.
Should you have any queries relating to your specific security holding or distribution statement, you can contact Link Market Services on:
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.