Calculating your Cost Base for Australian Capital Gains Tax Purposes
As a Securityholder in Alinta Energy, you own shares in an Australian company, Alinta Energy Limited (AEL) and units in a trust which is an Australian registered scheme, Alinta Energy Trust (AET). The share in AEL and the unit in AET form a ‘Stapled Security’ and cannot be separately dealt with or traded. Each share in AEL and each unit in AET 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 two 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 net assets of AEL and AET at the date of acquisition of your Stapled Securities to do this. The relative net assets of AEL and AET at various dates are set out below:
The taxation consequences of any investment in Alinta Energy Stapled Securities will depend on your particular circumstances. Potential investors and Alinta Energy Securityholders should obtain their own tax advice in relation to the taxation implications associated with their investment in Alinta Energy.
Proportion of Net Assets of AEL and AET
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11 December 2006 (IPO)
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30.00%
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70.00%
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31 December 2006
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34.53%
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65.47%
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30 June 2007
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32.24%
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67.76%
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31 December 2007
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37.11%
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62.89%
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30 June 2008
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21.57%
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78.43%
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30 June 2009
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0.01%
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99.99%
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