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Woolworths Limited - creating a new stapled security 2012

How to find out about updated tax consequences of participation in the 2012 Woolworths restructure.

Last updated 18 August 2013

Introduction

This document contains information about the 2012 Woolworths Limited (Woolworths) restructure and creation of a new stapled security.

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 ordinary shares in Woolworths on 30 November 2012 (record date)
  • you hold your shares as an investment asset, not
    • as trading stock
    • as part of carrying on a business
    • to make a short-term or one-off commercial gain.
     

If you acquired your shares under an employee share scheme (ESS), this information only applies to you if the shares have been taxed under the ESS rules.

You received units in SCA Property Management Trust and SCA Property Retail Trust and not cash.

The initial cost base of each SCA Property Group stapled security you received under the distribution is $1.4397.

This applies whether you acquired the stapled securities under the distribution or the offer.

If you owned Woolworths shares on 30 November 2012 but sold them before 11 December 2012.

Examples of selling Woolworth shares.

QC32389