360 Capital Group

Net asset backing of entities in the 360 Capital GROUP

AUSTRALIAN CAPITAL GAINS TAX 

 

A 360 Capital Group stapled security comprises two separate assets for capital gains tax purposes; a 360 Capital Group Limited share and a 360 Capital Investment Trust unit.                                                   

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 tangible assets of the individual entities.  For your information, these percentages are set out below:

 

Net Tangible Assets per security

 

30-Jun-17

30-Jun-16

30-Jun-15

30-Jun-14

360 Capital Group Limited

38.9%

15.1%

18.0%

16.4%

360 Capital Investment Trust

61.1%

84.9%

82.0%

83.6%

 

360 Capital Total Return Passive Fund