• How do I treat the non-assessable payment?

    You received a non-assessable payment of $1.01 per consolidated Westfield America Trust unit.

    This amount reduces the cost base of your units. If the cost base of your consolidated units was less than $1.01 per unit, you would make a capital gain of $1.01 minus the cost base for each unit. You cannot make a capital loss on the receipt of a non-assessable payment.

    The following table will help you to work out your capital gain or loss.

    For Westfield America Trust units with a

    you have made

    equal to

    You must reduce the cost base of your consolidated units

    cost base greater than $1.01 per unit

    no capital gain (or loss)

    -

    by $1.01 per unit

    cost base equal to $1.01 per unit

    no capital gain (or loss)

    -

    to nil

    cost base less than $1.01 per unit

    a capital gain

    $1.01 minus the cost base of the unit

    to nil

      Last modified: 06 Oct 2009QC 18186