Annual Tax Statement
The 2020 tax return guide is designed to provide general information to Securityholders to assist them in completing their individual tax return and should be used in conjunction with the 2020 TaxPack.
In addition, the Australian Taxation Office (ATO) has designed the guide to capital gains tax 2020, which is available below:
Previous Tax Return Guides
Apportioning Consideration of GMG Stapled Securities
A stapled security is a combination of a unit in Goodman Industrial Trust (GIT), a share in Goodman Limited (GL), and a CHESS Depository Interest (CDI) representing a share in Goodman Logistics (HK) Limited (GLHK), that must be traded on the Australian Stock Exchange as one security.
GIT units, GL shares, and GLHK CDIs remain as separate assets for Australian capital gains tax purposes. The cost base of your units and shares is the amount you paid for them, including the incidental costs of acquisition and disposal (eg. brokerage fees and stamp duty). To calculate your cost base you will need to split the acquisition cost of the securities between the three assets. Our suggested method of splitting the acquisition cost is to take the adjusted net assets of GIT, GL and GLHK and divide each by the adjusted net assets of GMG and then multiply by the acquisition security price (see example below).
View an example here
Further information regarding the tax treatment of stapled securities can be found on the ATO website
Net assets table
View net assets table
In relation to the successful merger between Goodman Limited (formerly Macquarie Goodman Management Limited) and Goodman Industrial Trust (formerly Macquarie Goodman Industrial Trust), we confirm that a Class Ruling was issued by the Australian Taxation Office in January 2006. The Class Ruling confirms that there are no tax consequences associated with the merger:
Macquarie Goodman Management Limited Class Ruling
Macquarie Goodman Industrial Trust Class Ruling