Ensure the Reduced Cost Base in the calculator matches that of Simple Fund 360.
In the example above the reduced cost base for the WFD units is $35,609.66. The CGT Gain calculated by the ATO Calculator is $9,011.08. Therefore in Simple Fund 360 the consideration which the WFD shares will need to be sold for is 35609.66 + 9011.08 = $44,620.74
A Cash amount will be received in the bank for the demerger ( or issued by cheque if Bank details are not on file with the Registry).
This will be equal to $3.5153 per unit held in Westfield.
In the example above, the cash amount received was $17,576.50 ($3.5153 x 5000 units).
Units in Unibail-Rodamco
Confirm with the Registry or broker statement the new units in Unibail-Rodamco. If you need to estimate you can use the following
When Unibail-Rodamco completed the acquisition, they allocated 0.01844 stapled shares for every 1 WFD held (rounded down
This amount is then converted to the final URW.ASX CDI instrument of 0.3688 (being 0.01844 x 20 CDI). For the example above this is equal to 5,000 x 0.01844 = 92 (rounded down). 92 x 20 = 1840
Remaining amount between the Cost base of Unibail, Cash and Disposal of Westfield
The tax ruling notes that there may be fluctuations in the Unibail-Rodamco share price and exchange rates. This may cause a remaining amount outstanding between the Cost base of Unibail, Cash and Disposal of Westfield. This can be recorded to a Non-Deductible Expense account
In the example above this is equal to $58.98.
Instructions for Simple Fund 360
Edit the Transaction received via the fund's bank feed or if the fund does not have a data feed create a new Bank Transaction
Process a disposal for the consideration calculated
Enter a purchase for the number of units issues in URW and for the cost base calculated.