Tax

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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.

Components for Annual Tax Returns

The following information is provided to assist investors in managing their tax affairs relating to their investment in GPT.

Tax information listed by Australian tax year
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Tax year ending 30 June 2017

Group Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2017:

Period Ended Payment Date Cents per Security
Half year ended 30 June 2016 31 August 2016 11.5
Half year ended 31 December 2016 28 February 2017 11.9

Annual Tax Statements

Annual Tax Statement for the year ended 30 June 2017 was mailed in July 2017. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below:

2017 Tax Summary

Guide to Annual Tax Statement  

A Guide to The GPT Group 2017 Annual Tax Statement was mailed with the 2017 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2017

Tax year ending 30 June 2016

Group Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2016 (no company dividend was paid):

Period Ended Payment Date Cents per Security
Half year ended 30 June 2015 11 September 2015 11.0
Half year ended 31 December 2015 29 February 2016 11.5

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2016 were mailed in July 2016. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below:  

Period Ended 30 Jun 2015 31 Dec 2015 Total Distribution
Rate / Cents per unit 11.0 11.5 22.5
Australian Sourced income (interest income) 0.197752 0.245139 0.442891
Australian Soured income (other income) 5.532185 3.623253 9.155438
Franked Dividends (grossed up) 0.000594 0.000324 0.000918
Tax Deferred Income 5.269469 7.631284 12.900753
Total Distribution paid 11.0 11.5 22.5
Franking credits (non -cash) 0.000178 0.000097 0.000275

Guide to Annual Tax Statement  

A Guide to The GPT Group 2016 Annual Tax Statement was mailed with the 2016 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2016

Tax year ending 30 June 2015

Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2015 (no company dividend was paid):

Period Ended Payment Date Cents per Security
Half year ended 30 June 2014 12 September 2014 10.5
Half year ended 31 December 2014 27 March 2015 10.7

 

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2015 were mailed in July 2015. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below: 

Period Ended 30 Jun 2014 31 Dec 2014 Total Distribution
Rate / Cents per unit 10.5 10.7 21.2
Australian Sourced income (interest income) 0.893217 0.000000 0.893217
Australian Soured income (other income) 4.588741 4.278473 8.867214
Foreign Sourced Income 0.008048 0.007447 0.015495
Tax Deferred Income 5.009994 6.414080 11.424074
Total Distribution paid 10.5 10.7 21.2

 

Guide to Annual Tax Statement  

A Guide to The GPT Group 2015 Annual Tax Statement was mailed with the 2015 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2015

Tax year ending 30 June 2014

Group Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2014 (no company dividend was paid):

Period Ended Payment Date Cents per Security
Quarter ended 31 March 2013 17 May 2013 5.1
Quarter ended 30 June 2013 13 September 2013 5.0
Half year ended 31 December 2013 14 March 2014 10.3

 

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2014 were mailed in July 2014. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below: 

Period Ended 31 Mar 2013 30 Jun 2013 31 Dec 2013 Total Distribution
Rate / Cents per unit 5.10 5.00 10.30 20.40
Australian Sourced income 0.00 0.00 0.00 0.00
Capital Gains 0.00 0.00 0.00 0.00
Foreign Sourced Income 0.00 0.00 0.00 0.00
Tax Deferred Income 5.10 5.00 10.30 20.40
Total Distribution paid 5.10 5.00 10.30 20.40

 

Guide to Annual Tax Statement

A Guide to The GPT Group 2014 Annual Tax Statement was mailed with the 2014 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2014

Tax year ending 30 June 2013

Group Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2013 (no company dividend was paid):

Quarter Ended Payment Date Cents per Security
30 June 2012 7 September 2012 4.9
30 September 2012 16 November 2012 4.7
31 December 2012 15 March 2013 5.1

 

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2013 were mailed in July 2013. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below: 

Quarter Ended 30 Jun 2012 30 Sep 2012 31 Dec 2012 Total Distribution
Rate / Cents per unit 4.90 4.70 5.10 14.70
Australian Sourced income 0.00 0.00 0.00 0.00
Capital Gains 0.00 0.00 0.00 0.00
Foreign Sourced Income 0.00 0.00 0.00 0.00
Tax Deferred Income 4.90 4.70 5.10 14.70
Total Distribution paid 4.90 4.70 5.10 14.70

 

Guide to Annual Tax Statement

A Guide to The GPT Group 2013 Annual Tax Statement was mailed with the 2013 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2013

Tax year ending 30 June 2012

Group Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2012 (no company dividend was paid):

Quarter Ended Payment Date Cents per Security
30 June 2011 23 September 2011 4.3
30 September 2011 18 November 2011 4.4
31 December 2011 16 March 2012 4.9
31 March 2012 25 May 2012 4.6

 

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2012 were mailed in July 2012. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below: 

Quarter Ended 30 Jun 2011 30 Sep 2011 31 Dec 2011 31 Mar 2012 Total Distribution
Rate / Cents per unit 4.30 4.40 4.90 4.60 18.2
Australian Sourced income 0.00 0.00 0.00 0.00 0.00
Capital Gains 0.00 0.00 0.00 0.00 0.00
Foreign Sourced Income 0.00 0.00 0.00 0.00 0.00
Tax Deferred Income 4.30 4.40 4.90 4.60 18.2
Total Distribution paid 4.30 4.40 4.90 4.60 18.2

 

Guide to Annual Tax Statement

A Guide to The GPT Group 2012 Annual Tax Statement was mailed with the 2012 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2012

Tax year ending 30 June 2011

Group Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2011 (no company dividend was paid):

Quarter Ended Payment Date Cents per Security
30 June 2010 24 September 2010 4.100000
30 September 2010 26 November 2010 4.100000
31 December 2010 25 March 2011 4.600000
31 March 2011 27 May 2011 4.200000

 

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2011 were mailed in July 2011. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below: 

Quarter Ended 30 Jun 2010 30 Sep 2010 31 Dec 2010 31 Mar 2011 Total Distribution
Rate / Cents per unit 4.10 4.10 4.60 4.20 17.0
Australian Sourced income 0.00 0.00 0.00 0.00 0.00
Capital Gains 0.00 0.00 0.00 0.00 0.00
Foreign Sourced Income 0.00 0.00 0.00 0.00 0.00
Tax Deferred Income 4.10 4.10 4.60 4.20 17.0
Total Distribution paid 4.10 4.10 4.60 4.20 17.0

 

Guide to Annual Tax Statement

A Guide to The GPT Group 2011 Annual Tax Statement was mailed with the 2011 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2011

Tax year ending 30 June 2010

Group Distribution Summary 

GPT paid the following distributions to Securityholders during the year ending 30 June 2010 (no company dividend was paid):

Quarter Ended Payment Date Cents per security
30 June 2009 25 September 2009 0.900000
30 September 2009 27 November 2009 1.000000
31 December 2009 26 March 2010 1.000000
31 March 2010 11 May 2010 0.700000

 

Annual Tax Statements

Annual Tax Statements for the year ended 30 June 2010 were mailed in July 2010. The taxation components of The GPT Group's distributions for the year are set out in the Annual Tax Statement. The components of the distribution on a cents per security basis for the year are provided below: 

Quarter ended 30-Jun-09 30-Sep-09 31-Dec-09 31-Mar-10 Total Distribution
Rate / cents per unit 0.90 1.00 1.00 0.70 3.60
Australian sourced income 0.00 0.00 0.00 0.00 0.00
Capital Gains 0.00 0.00 0.00 0.00 0.00
Foreign Sourced Income 0.00 0.00 0.00 0.00 0.00
Tax Deferred Income 0.90 1.00 1.00 0.70 3.60
Total Distribution Paid 0.90 1.00 1.00 0.70 3.60

 

Guide to Annual Tax Statement

A Guide to The GPT Group 2010 Annual Tax Statement was mailed with the 2010 Annual Tax Statement to assist investors in completing their tax returns, and a copy is also available to download here: Guide to The GPT Group Annual Tax Statement 2010

Further Information regarding the BGP In Specie Dividend

Annual Tax Statements

Current and previous investors can click here to login to the Link Market Services registry and download your Annual Tax Statement.

You will need your SRN/HIN, surname and postcode to complete the login process. 

Tax Transparency

The GPT Group is committed to managing its tax obligations responsibly and in compliance with all laws and regulations.

The Board of Taxation has released a Tax Transparency Code (“TTC”) that recommends a set of principles and minimum standards on the disclosure of tax information for businesses. 

The GPT Group has voluntarily adopted the TTC recommendations and publishes this document as part of the Group’s commitment to tax transparency.

A copy of GPT's Tax Transparency Report can be downloaded here: GPT Tax Transparency Report - 2016

Capital Gains Tax and Net Tangible Assets

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. Click here to view detailed information on GPT's Net Tangible Asset (NTA) backing.

Frequently Asked Questions
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5 to 1 Security Consolidation

How are my stapled securities impacted by the Security Consolidation?

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.

In-Specie Dividend

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

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 de-merger and is not assessable for Australian income tax purposes. However, a consequence of the de-merger 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 de-merger. 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

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:
          - Name of U.S. controlling person; and
          - 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. 

Other Useful Documents

Below is a selection of documents that may be of use to investors when reviewing their tax affairs.