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Tax Information

The GPT Group produces an Annual Tax Statement for all Securityholders who received a payment from GPT during each financial year. Annual Tax Statements are mailed to investors in July each year.



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Components for Annual Tax Returns

This section includes a Distribution Summary, components of Distributions and Guide to Annual Tax Statement for the following Tax years ending 30 June:
2006 - 2016. 

More information


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Download your Annual Tax Statement

You can download Annual Tax Statements online by signing in with your SRN/HIN, Surname and Postcode.

Sign in 

After you have signed in you will see a menu on the top right hand side of the screen. Click on "Payment History" and then "Tax Statements".


Net asset backing of entities in the GPT Group

Australian Capital Gains Tax
A GPT Group stapled security comprises two separate assets for capital gains tax purposes; a General Property Trust unit and a GPT Management Holdings Limited share. 

For capital gains tax purposes you need to apportion the cost of each stapled security and the proceeds of sale of each stapled security over the separate assets that make up the stapled security. This apportionment should be done on a reasonable basis. 

One possible method of apportionment is on the basis of the relative net assets of the individual entities.

  Net asset backing
per security
General Property Trust
(unit)
GPT Management Holdings Limited (share)
30 June 2005 $3.03 $2.88 (95.05%) $0.15 (4.95%)
31 December 2005 $3.16 $3.02 (95.57%) $0.14 (4.43%)
30 June 2006* $3.47 $3.33 (95.97%) $0.14 (4.03%)
31 December 2006* $3.60 $3.48 (96.67%) $0.12 (3.33%)
30 June 2007* $3.81 $3.66 (96.06%) $0.15 (3.94%)
31 December 2007* $3.86 $3.77 (97.70%) $0.09 (2.30%)
30 June 2008* $3.68 $3.68 $0.00
31 December 2008** $1.43 $1.43 $0.00
30 June 2009*** $0.71 $0.71 $0.00
31 December 2009*** $0.69 $0.69 $0.00
30 June 2010 $3.45 $3.45 $0.00
31 December 2010 $3.60 $3.60 $0.00
30 June 2011 $3.64 $3.59 $0.05
31 December 2011 $3.59 $3.56 $0.03
30 June 2012 $3.65 $3.62 $0.03
31 December 2012 $3.73 $3.70 $0.03
30 June 2013 $3.76 $3.73 $0.03
31 December 2013 $3.79 $3.76 $0.03
30 June 2014 $3.82 $3.78 $0.04
31 December 2014 $3.94 $3.89 $0.05
30 June 2015 $4.03 $3.97 $0.06
31 December 2015 $4.17 $4.10 $0.07
30 June 2016 $4.38 $4.31 $0.07
31 December 2016 $4.59 $4.51 $0.08

* Excludes provision for June/December quarter distributions. 
** Includes the impact of an additional 2,368 million securities issued in 2008 and 260 million potential securities assuming the conversion of the exchangeable securities at an exchange price of $0.9628. 
*** Includes the impact of an additional 4,810 million securities issued in 2009 and 321.9 million potential securities assuming the conversion of the exchangeable securities at an exchange price of $0.7766. 

In-Specie Dividend

If you received an In-Specie Dividend comprising of shares in BGP Holdings Limited in 2009, the cost base of your shares in GPT Management Holdings Limited held at that time, may have been impacted by the In-Specie Dividend. Please see the link below to the Information Sheet "In Specie Dividend Capital Gains Tax Cost Base Implications".


Useful Documents

General Summary of Australian Income Tax Implications for Securityholders (PDF - 69 KB)
Consolidation of Securities Key Taxation Principles (PDF - 67 KB) 
Information Memorandum (PDF - 861 KB)
In Specie Dividend capital gains tax cost base implications (PDF - 146 KB)


Frequently Asked Questions

  • 5 to 1 Security Consolidation

    Q: How are my stapled securities impacted by the Security Consolidation?

    A: The GPT Group undertook a consolidation of its stapled securities in May 2010 (Consolidation) which broadly resulted in every five stapled securities held by a Securityholder being merged (ie consolidated) into one stapled security.  The economic interest in the GPT Group held by individual Securityholders should not change but the value of the Group is now split amongst fewer stapled securities.

    The Consolidation should not result in a CGT event occurring however, the Consolidation will affect the tax cost base of your GPT stapled securities.  Broadly, the tax cost base of your consolidated GPT stapled securities should be equal to the sum of the cost bases of your original GPT stapled securities as merged in the ratio of 5 to 1. 

    For further information, please refer to the “Consolidation of Securities Key Taxation Principles” document.

  • Capital Gains Tax

    Q: Has GPT distributed any Capital Gains Tax Concession?
     

    A: The Annual Tax Statement shows a Discounted Capital Gains Component but no CGT Concession Component in some years. In those years, GPT Trust derived capital gains which were retained for the purpose of reinvestment to derive future income for investors. Accordingly, Securityholders did not receive any cash relating to the CGT Concession Component of the capital gain. However, Australian tax law requires Securityholders to include in their assessable income their proportionate share of the capital gains of GPT Trust. The Annual Tax Statement for those years has been prepared to assist individual Securityholders by disclosing in the Discounted Capital Gains Component, their proportionate share of the capital gain derived by GPT Trust.

  • In-Specie Dividend

    Q:  I received an In-Specie Dividend in 2009, is there further information on this?

    A: This information is for GPT Securityholders who held GPT stapled securities at 7:00pm on 12th August 2009 and therefore received shares in BGP Holdings Limited (BGP) as part of the In Specie Dividend from GPT Management Holdings Limited (GPTMH).

    The In-Specie Dividend is a demerger and is not assessable for Australian income tax purposes. However, a consequence of the demerger is that the tax cost base of your GPTMH shares held at that time should be reallocated to the shares received in BGP, based on the relative market value of GPTMH and BGP following the demerger. The tax cost base of your units in GPT Trust will not change.

    Please refer to the “In Specie Dividend capital gains tax cost base implications” document for further and more detailed information.

  • Net Asset Backing

    Q: The website does not provide a split in NTA between the GPT Trust and GPT Management holdings prior to 2005, why is that?

    A: GPT Management Holdings Limited (GPTMH) was established in 2005 and its shares were stapled to the units in General Property Trust (GPT Trust).  Prior to 2005, GPTMH did not exist so the GPT Group did not have stapled securities.

    Securityholders only held units in GPT Trust, so there was no need to provide a split of the NTA between GPT Trust and GPTMH.

  • Foreign Account Tax Compliance Act (FATCA)

    The Foreign Account Tax Compliance Act (FATCA) is a United States (US) federal law designed to track US Persons who may be avoiding tax liabilities by holding assets overseas. Australia signed an Intergovernmental Agreement (IGA) with the US in April 2014 to assist in the implementation of FATCA for Australian financial institutions.
     
    Under Australian law Australian financial institutions are required to report FATCA information to the Australian Taxation Office (ATO). Under the FATCA rules The GPT Group is taken to be an Australian financial institution and accordingly has to report information about certain securityholders to the ATO annually. The ATO will provide this information to the US Internal Revenue Service.
     
    The FATCA information reported is only in respect of the holding in The GPT Group by US Persons or holdings of investors who have not certified that they are not US Persons.  In order to comply with the FATCA reporting obligations The GPT Group will ask investors to certify their FATCA status.
     
    1. What is FATCA?
     
    FATCA stands for Foreign Account Tax Compliance Act and it is a United States (US) law designed to track US Persons who may be avoiding tax liabilities by holding assets overseas.

    2. Why does this impact The GPT Group securityholders?
     
    Australia signed an Intergovernmental Agreement (IGA) with the US in April 2014 to assist in the implementation of FATCA for Australian financial institutions. Under Australian law The GPT Group is required to report FATCA information to the Australian Taxation Office in respect of:

    • securityholders who acquired  The GPT Group stapled securities during the period from 1 July 2014 to 31 December 2015 and who continue to hold a balance of The GPT Group stapled securities on 1 January 2016; and
    • securityholders who acquire The GPT Group stapled securities on or after 1 January 2016.

    3. What information will be reported?
     
    The following information will be reported to the Australian Taxation Office:
     
         i) Name and address of the securityholder;
         ii) Taxpayer Identification Number (TIN), if one has been provided;
         iii) Amounts paid to the securityholder during the relevant calendar year;
         iv) Value of securityholding at 31 December 2016 and annually thereafter; and
         vi) In respect of U.S. controlling persons:
              (1) Name of U.S. controlling person; and
              (2) TIN of U.S. controlling person
     
    4. Does FATCA impact on my GPT Group stapled securities held on the ASX?
     
    No, FATCA should not impact on your ability to acquire, hold or dispose of The GPT Group stapled securities.  In addition, FATCA does not impact on the payment of distributions to you by The GPT Group.
     
    However, The GPT Group securityholders will be contacted to certify if they are a US Person or an entity that is controlled by US Persons.  If securityholders are US Persons or fail to certify that they are not US Persons then The GPT Group will report the information required under FATCA to the Australian Taxation Office.
     
    5. What will I need to do?
     
    From January 2016 onwards The GPT will be sending securityholders requests to certify their status under the FATCA rules.  Please read the request carefully and complete the FATCA self-certification.
     
    6. Who do I contact if I have further questions about this?
     
    For further information please call The GPT Group’s Securityholder Service Centre on 1800 025 095.

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