Westfield Group (Westfield 2004) capital restructure - tax consequences for Westfield Limited shareholders

Overview

This page contains information about the 2004 Westfield Group stapling transaction.

This information applies to you if:

• you are an individual not a company or trust
   
• you are an Australian resident for tax purposes
   
• you held shares in Westfield Holdings Limited (Westfield Holdings) and participated in the stapling transaction in July 2004
   
• you did not acquire your shares under an employee share scheme, and
   
• any gain or loss you made on the shares is a capital gain or capital loss - this means that you held your shares as an investment asset, not
• • as trading stock
  • as part of carrying on a business, or
  • to make a short-term or 'one-off' commercial gain.