Search Suggestion:

# Instructions

Last updated 13 September 2016

The instructions contain four sections. If you chose the 'standard' or 'maximum cash' consideration (option), you need to complete all four sections. If you chose the 'maximum share' option, skip section 2.

## Section 1: Details of your PBL shares

If you held more than one parcel of PBL shares before the restructure, enter each parcel on the worksheet in the order you got them, oldest first.

For each parcel fill in the:

• acquisition date (column 2) (the date you got the shares)
• number of shares in the parcel (column 3), and
• cost base (just before the restructure) for the parcel (column 4).

## Section 2: Capital gain on the cash received

In this section you work out the tax consequences for the cash amount you received under the restructure. If you did not receive any cash, that is, you chose the maximum share option, ignore this section and go to section 3.

### Column 5: How much cash did you receive?

You need to know how much cash you received to work out your capital gain.

Use the following table to work out how much cash you received for each of your parcels of PBL shares:

 Option Cash received Standard Column 3 (number of shares) x \$3.00 Maximum cash Column 3 (number of shares) x \$15.06249587

Enter the results in column 5.

### Column 6: Relevant proportion of cost base

The cost base relating to the cash you received is a percentage or proportion of the cost base of your PBL shares, which we refer to as the relevant proportion.

Work out the relevant proportion of the cost base for each parcel, using the table below:

 Option: Relevant proportion: Standard Column 4 (cost base of parcel) x 14.57% Maximum cash Column 4 (cost base of parcel) x 73.15%

Enter the results in column 6.

### Column 7: What is your capital gain?

Your capital gain is the difference between the cash you received for your PBL shares (amount in column 5) and the 'relevant proportion' of the cost base of those shares (amount in column 6).

Column 5 (cash amount received) - column 6 (cost base for cash received)

If the result is zero or negative you have not made a capital gain and cannot use this document. For that parcel you should use PBL restructure (2007): Not choosing rollover

End of attention

Enter the results in column 7.

You must include this capital gain when working out your net capital gain or capital loss for your 2007-08 income tax return.

End of attention

### Column 8: CGT discount

You can treat any capital gain you made from disposing of your PBL shares as a 'discounted capital gain' provided that you:

• were an individual, complying superannuation entity or eligible trust
• worked out the capital gain using a cost base that had been worked out without reference to indexation at any time, and
• had owned your PBL shares for at least 12 months before the date of disposal or compulsory acquisition (that is, you acquired them on or before 9 December 2006).

If you got your PBL shares after 9 December 2006 you cannot use the CGT discount.

End of attention

For each parcel, place a 'Y' in column 8 if you are eligible for the CGT discount and an 'N' if you are not.

## Section 3: Cost base of your Crown shares

In this section you work out the CGT characteristics of your new Crown shares after the restructure.

### Column 9: Acquisition date

For the purposes of scrip-for-scrip rollover and the '12-month' rule (see column 8), you are taken to have acquired your new Crown shares on the date you acquired the original PBL shares. Copy the date from column 2 into column 9.

### Column 10: Number of Crown shares received

Check the holder statement you received from Crown and enter the total number of Crown shares you received in the 'Total' box at the bottom of column 10.

Use the following table to work out the number of Crown shares you received for each parcel of PBL shares:

 Option Number of Crown shares Standard Same as column 3 (number of PBL shares) Maximum cash Column 3 (number of PBL shares) x 0.31424128 Maximum share Column 3 (number of PBL shares) x 1.17055145

Round each answer to a full number and enter the results in column 10.

Add up the figures in column 10 and compare your answer to the number of shares you entered in the total box (from your holder statement). If the figures do not match, adjust the rounding of individual parcels to make them add up to number on your holder statement.

Column 10 must match the total on the holder statement you received from Crown. Any adjustment you make to your individual parcels must be done on a reasonable basis.

End of attention

### Column 11: Cost base of your Crown shares

The cost base of your Crown shares after the restructure is a percentage of the cost base of your PBL shares (also referred to as the relevant proportion of the cost base). Work out the cost base of your Crown shares as follows:

Column 4 (PBL cost base) - column 6 (cash cost base) - (column 10 x \$3.70)

The \$3.70 figure above is the 'capital return' amount you received under the demerger for each Crown share, which Crown shareholders received in the form of CMH shares.

End of attention

If your answer is zero or a positive number, enter it at column 11 and go to section 4.

If your answer is a negative number, you made a capital gain under the demerger. The cost base of your Crown shares is zero, so write 'zero' in column 11 and go to column 12.

### Column 12: Capital gain on your Crown shares

When you received your CMH shares, you made a capital gain on your Crown shares if the value of the CMH shares was more than the cost base of your Crown shares. Work out your capital gain as follows:

(Column 10 x \$3.70) - column 4 (PBL share cost base) + column 6 (cash cost base)

You cannot make a capital loss under this demerger.

End of attention

If you have a 'Y' in column 8 for this row, you can treat the capital gain as a 'discounted capital gain'. See Column 8: CGT discount.

You must include this capital gain when working out your net capital gain or capital loss for your 2007-08 income tax return.

End of attention

## Section 4: Cost base of your CMH shares

### Column 13: Number of shares

You received one CMH share for each Crown share you owned. Copy the details from column 10 of the worksheet into column 13.

### Column 14: Acquisition date

The acquisition date of your CMH shares for all CGT purposes is 12 December 2007, the 'effective date' of the demerger.

### Column 15: Cost base of shares

The cost base of each CMH share is the capital return amount you received for your Crown shares (\$3.70) which, under the demerger, you got in the form of CMH shares.

Work out the cost base of each of your parcels of CMH shares:

Column 13 (number of shares) x \$3.70 (capital return)

Enter the cost base for each parcel into column 15.

### You have finished this worksheet

Record keeping
Keep this worksheet with your CGT records.

If you keep separate files for your PBL, Crown and CMH shares you may need to copy the worksheet.

End of attention

QC20609