You will make a capital gain under CGT event C2 if the capital proceeds from the ending of the right are more than the cost base of the right. Wesfarmers derived a net profit after tax of $1.335 billion from the disposal of the assets, which was paid to shareholders as special dividends in April 2019 and October 2020. As such, paragraph (d) of the definition of 'dividend' in subsection 6(1) of the ITAA 1936 applies and the return of capital is not a dividend. The ruling applies from 1 July 2021 to 30 June 2022. 54. For those employee shareholders who hold their shares within a New Zealand Wesfarmers employee share plan, are tax residents of New Zealand and only work in New Zealand, it is expected the return of capital payment will be treated as dividend income. You can treat a capital gain made when CGT event G1 or CGT event C2 happened as a discount capital gain if you acquired your Wesfarmers shares at least 12 months before the Payment Date (subsection 115-25(1)), provided the other conditions in Subdivision 115-A are satisfied. Australian Taxation Office for the Commonwealth of Australia. On 27 August 2021, Wesfarmers announced that it will return share capital to Wesfarmers shareholders of $2.00 per Wesfarmers share totalling $2.3 billion (return of capital). As at March 2020, approximately 26.15% of Wesfarmers' shareholders are foreign residents (as defined in subsection 995-1(1)). ITAA 1936 45A The last date to purchase shares that were eligible to receive the return of capital was Wednesday, 17 November 2021. 13. If Maria uses the indexed cost base for this event, she cannot use the discount method if she sells her Wesfarmers shares later. ITAA 1936 45B(5) 61. For the purposes of paragraph 45B(2)(c), the Commissioner is required to consider the 'relevant circumstances' set out in subsection 45B(8) to determine whether any part of the scheme would be entered into for a purpose, other than an incidental purpose, of enabling a relevant taxpayer to obtain a tax benefit. A return of capital would ordinarily be subject to the CGT provisions of the income tax law. The capital gain will be a discounted capital gain for shares allocated at least 12 months before the payment date of Thursday, 2 December 2021. 43. This announcement was authorised to be given to the ASX by the Wesfarmers Company Secretary. 21. ITAA 1997 Div 115 This publication (excluding appendix) is a public ruling for the purposes of the Taxation Administration Act 1953. Who this Ruling applies to 4. 9. 60. ITAA 1936 45A The Australian Taxation Office (ATO) has published a Class Ruling in relation to the taxation treatment of the $2.00 per share return of capital to Wesfarmers shareholders, which was paid on 2 December 2021. 56. Wesfarmers Chemicals, Energy and Fertilisers, People development, diversity and inclusion, Chairman and Managing Director's 2022 sustainability message, Bunnings collaborates with Indigenous artists through exclusive plant pots range, Bunnings support for flood affected communities, Bunnings launches national battery recycling programs, Bunnings expands fleet with all electric trucks, Information for participants of the Wesfarmers employee share plans. The return of capital was in addition to the interim dividend of 88 cents per Wesfarmers share paid on 31 March 2021 and a final dividend of 90 cents per share for the year ended 30 June 2021 paid by Wesfarmers on 7 October 2021. This method was seen as the most equitable way of returning a portion of surplus capital in cash to all shareholders. The capital loss is equal to the amount of the difference (subsection 104-25(3)). If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. ITAA 1997 855-30 However, the list of relevant circumstances in subsection 45B(8) is not exhaustive and regard may be had to other circumstances on the basis of their relevance. TR 2006/10 67. CGT event C2 (section 104-25 of the ITAA 1997) will happen when the return of capital is paid. Note: certain information has been provided on a commercial-in-confidence basis and will not be disclosed or released under Freedom of Information legislation. 17. ATO references: Wesfarmers' share capital account (as defined in section 975-300) is not tainted (within the meaning of Division 197). Under subsection 855-10(1) of the ITAA 1997, an entity disregards a capital gain or capital loss from a CGT event if they are a foreign resident, or the trustee of a foreign trust for CGT purposes, just before the CGT event happens, and the CGT event happens in relation to a CGT asset that is not 'taxable Australian property'. For those shareholders who are tax residents of Australia and hold their shares on capital account at the time the return of capital is paid, no part of the return of capital should be treated as a dividend for income tax purposes. 41. 23. This is due to the outflow of funds to shareholders. Note: It states that a person is provided with a capital benefit if: 52. The amount of the capital gain is equal to that excess. What are the key dates for the capital return? * If you choose to index the cost base of shares you acquired before 21September 1999, you cannot apply the CGT discount when you dispose of them. Sections 45A and 45B of the ITAA 1936 are two anti-avoidance provisions which, if they apply, allow the Commissioner to make a determination that section 45C of the ITAA 1936 applies. You will make a capital gain from CGT event G1 happening if the amount of the return of capital of $2.00 per Wesfarmers share is more than the cost base of your Wesfarmers share. The capital gain is equal to the amount of the excess. a capital payment (it was not classed as a dividend for any purpose and had no dividend component). A Wesfarmers shareholder who is a foreign resident or the trustee of a foreign-resident trust for capital gains tax (CGT) purposes, and received the return of capital, can disregard any capital gain made if CGT event G1 happened or disregard any capital gain or capital loss if CGT event C2 happened under section 855-10, provided also that your Wesfarmers share or your right to receive the return of capital on the Wesfarmers shares: 15. Maria must reduce the cost base of her shares by $2,500 to $1,055.80. ITAA 1936 45A(3)(b) The market value of Wesfarmers' assets that are taxable Australian real property within the meaning of section 855-20 is less than the market value of Wesfarmers' other assets for the purposes of section 855-30. Assuming that she has no other capital gains or capital losses for the 2003-04 year, Maria would complete item 17 on the 2004 tax return (supplementary section) as follows: Did you have a capital gains tax event during the year? If the return of capital is approved by shareholders at the 2013 . Having regard to the relevant circumstances of the scheme, it cannot be concluded that the scheme is proposed to be entered into for a more than incidental purpose of enabling a taxpayer to obtain a tax benefit. In broad terms, section 45B of the ITAA 1936 applies where: 49. For the year ended 30 June 2013, Wesfarmers' retained earnings will be $2,375 million ($1,160 million post final dividend). Class Ruling CR 2003/105W: Return of capital: Wesfarmers Limited, Personal investors guide to capital gains tax, Aboriginal and Torres Strait Islander people, you are an Australian resident for tax purposes, you held shares in Wesfarmers and received the return of capital in December2003, you did not acquire your shares under an employee share scheme, and. The test of purpose is an objective one. For the shares you made a capital gain on - reduce their cost base and reduced cost base to nil. 1. The Australian Taxation Office (ATO) has published a Class Ruling in relation to the taxation treatment of the $2.00 per share return of capital to Wesfarmers shareholders, which was paid on 2 December 2021. The converted shares will have the same date of acquisition as the original shares to which they relate. Wesfarmers is an Australian-resident company listed on the Australian Securities Exchange since 1984. Wesfarmers shareholders received a $1.00 per share cash distribution. If the return of capital of $2.00 per Wesfarmers share you received was not more than the cost base of the share, the Cost base / reduced cost base of each share is reduced by the amount of the return of capital (subsection 104-135(4)). CGT events C1-C3 - end of a CGT asset How do I provide, update or check my bank account details? 21. It is anticipated that the share consolidation will have no effect on the value of each shareholder's shares relative to the total market value of Wesfarmers. ITAA 1997 115-25(1) Each of these conditions is considered in this Ruling. if the cost base (after any adjustment, as may be relevant, for any indexation, any previous return of capital or as a result of the Coles demerger) of a share acquired after 19 September 1985 is less than the return of capital amount (on a cents per share basis), then an immediate capital gain will arise for the difference. For each of these shares, you have made a capital gain of: For shares with a cost base equal to or greater than $2.50, you have made no capital gain as a result of the return of capital. ITAA 1936 45B(3) This is clearly marked. All legislative references in this Ruling are to the Income Tax Assessment Act 1997, unless otherwise indicated. The Class 15. The return of capital . The return of capital will be debited against an amount standing to the credit of Wesfarmers' share capital account. This amount represents your capital proceeds. How can I calculate my return of capital payment and when will I receive this payment? Shareholders were sent the payment advice for the return on capital payment by email or in hard copy on Thursday, 2 December 2021. 58. Wesfarmers raised the following equity to reduce debt and provide balance sheet flexibility: 12. ITAA 1936 45B(2)(c) The table sets out these five categories of CGT assets: 77. ITAA 1936 6(1) Therefore, a Wesfarmers shareholder who is a foreign resident or the trustee of a foreign-resident trust for CGT purposes, and who received the return of capital, can disregard any capital gain made if CGT event G1 happened or disregard any capital gain or capital loss if CGT event C2 happened, provided also that your Wesfarmers share or your right to receive the return of capital on the Wesfarmers shares: As announced on Friday, 27 August 2021, the Wesfarmers Board recommended a return of capital to Wesfarmers shareholders of 200 cents per share. Wesfarmers Limited was founded in 1914 and is headquartered in Perth, Australia. Following the payment of the special dividends, Wesfarmers determined that $2.3 billion of the remaining balance of the proceeds from the asset disposals of approximately $2.925 billion was surplus to its capital requirements. However, this Ruling will not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of this Ruling (see paragraphs 75 and 76 of Taxation Ruling TR 2006/10). adjust the cost base and reduced cost base of your Wesfarmers shares. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. Therefore, if the cost base or reduced cost base of the share previously owned by you has been fully applied in working out a capital gain or capital loss on the share, the right to receive the return of capital will have a nil cost base. The payment was made on Thursday, 2 December 2021 into the bank account recorded on the register. 4 September 2013. A Wesfarmers share is not an 'indirect Australian real property interest' as defined in section 855-25 of the ITAA 1997. Although a 'capital benefit' (as defined in paragraph 45A(3)(b)) will be provided to participating Wesfarmers shareholders under the return of capital, the circumstances of the return of capital indicate that there will be no streaming of capital benefits to some shareholders and dividends to other shareholders. Wesfarmers Limited (WES) - Demerger . 20. The following description of the scheme is based on information provided by the applicant. AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA. ITAA 1997 116-20(1) Under with section 112-25 of the ITAA 1997, the consolidation of Wesfarmers shares will not result in a CGT event happening where the company converts its shares in accordance with section 254H of the Corporations Act. As the right to receive the payment of the return of capital was inherent in the Wesfarmers share during the time it was owned, the right is considered to have been acquired at the time when the share was acquired (section 109-5 of the ITAA 1997). The arrangement involving Wesfarmers return of capital to the Wesfarmers shareholders will constitute a 'scheme' for the purposes of section 45B. 14. The relevant provisions dealt with in this Ruling are: All subsequent legislative references in this Ruling are to the ITAA 1936, unless otherwise stated. Part 5 - Further information 5.1 Has the +entity applied for an ATO class ruling relating to this cash return of . The Commissioner will not make a determination under either subsection 45A(2) of the ITAA 1936 or paragraph 45B(3)(b) of the ITAA 1936 that section 45C of the ITAA 1936 applies to any part of the return of capital of $2.00 per Wesfarmers share you received on the Payment Date. The return of capital will be paid equally to each holder of a Wesfarmers share who is registered on the Wesfarmers share register on the Record Date. ITAA 1936 45B For the purposes of Subdivision 109-A, you are considered to have acquired the right at the time when you acquired your Wesfarmers share. Distributed by Public, unedited and unaltered, on 08 December 2021 06:41:05 UTC. Class Ruling CR 2014/76 Page status: legally binding Page 1 of 29 Class Ruling . Wesfarmers anticipates that it will pay a fully franked dividend of approximately $1.2 billion ($1.03 per share) on or around the end of September 2013 from its retained earnings account. The discount factor for resident individuals is one-half. This publication provides you with the following level of protection: This publication (excluding appendixes) is a public ruling for the purposes of the . 23. How do I adjust the cost base and reduced cost base of my Wesfarmers shares? Did the Dividend Investment Plan (DIP) apply? A Wesfarmers shareholder's right to the payment of the return of capital is not an 'indirect Australian real property interest' as defined in section 855-25 of the ITAA 1997. CGT event G1 (section 104-135 of the ITAA 1997) happens when. No part of the return of capital to a Wesfarmers shareholder will be a dividend, nor included in a shareholder's assessable income. You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products). The Australian Taxation Office (ATO) has published a Class Ruling in relation to the taxation treatment of the $2.00 per share return of capital to Wesfarmers shareholders, which was paid on 2 December 2021. 5. Section 855-15 sets out the categories of CGT assets that are taxable Australian property: 63. She paid $2,200 ($2.20 per share) plus brokerage of $100 - making her cost base $2,300. 32. 12. 74. 47. 42. 2. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations. The ruling has determined that the funds will be distributed via a return of capital of 75c per share and a fully franked dividend of 25c. As with dividend payments, payments of the distribution to shareholders with a registered address in Australia, New Zealand and the United Kingdom were made by way of direct credit to a financial institution in Australia, New Zealand or the United Kingdom, as applicable, (including a bank, building society or credit union account). Wesfarmers has consistently maintained a high dividend payout ratio, with an average payout ratio of approximately 90% since 2009, and has also paid special dividends where it has disposed of assets. What are the capital gains tax consequences for me? The new cost base for his share parcel is $2,550 ($3,050 - $500), or $12.75 per share. ITAA 1936 45C Will my shares be worth less after the capital return? 46. dividend income (iii) Employee shareholders who hold their shares within a Wesfarmers employee share plan. This payment was: A CGT event happened on 18 December 2003, when Wesfarmers made a capital return on the shares that you held in the company. To be eligible to receive the return of capital, you needed to be a registered shareholder on the record date for determining entitlements, which was 4.00pm (Perth time) on Friday, 19 November 2021. any gain or loss you made on the shares is a capital gain or capital loss - this means that you held your shares as an investment asset. Accordingly, the Commissioner will not make a determination under subsection 45B(3) of the ITAA 1936 that section 45C of the ITAA 1936 applies in relation to the whole, or a part, of the return of capital. To calculate your payment, multiply the number of shares held on the record date by $2.00 per share. 55. No capital loss can be made from CGT event G1 (Note 1 to subsection 104- 135(3)). 51. 56. There were no CGT events affecting the cost base of his shares before the return of capital in December 2003. . The term 'dividend' is defined in subsection 6(1) of the ITAA 1936 and includes any distribution made by a company to any of its shareholders. The method you use to work out the amount to include in your item 17 calculations depends on when you acquired the shares. Make sure you have the information for the right year before making decisions based on that information. Eligible shareholders received 1 COL share for each WES share owned. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. 3.7 Cash return of capital amount per +security AUD 2.00000000 Part 4 - Changes to option pricing as a result of the cash return of capital 4.1 Will the cash return of capital affect the exercise price of any +entity-issued options? How much did I receive and how was the payment made? This is clearly marked. He paid $2,900 ($14.50 per share) plus brokerage of $150 - making his cost base $3,050, or $15.25 per share. CGT event C2 happened when the return of capital was made. All legislative references in this Ruling are to the Income Tax Assessment Act 1997 unless otherwise indicated. ITAA 1997 104-25(3) During the years ended 30 June 2018 to 30 June 2020, Wesfarmers disposed of a number of assets and received sale proceeds totalling $4.3 billion. The proportion of funding from each source was determined having regard to the most cost-effective source of funding available as at the date of payment. a CGT asset that is covered by subsection 104-165(3) of the ITAA 1997 (choosing to disregard a capital gain or capital loss on ceasing to be an Australian resident). For example, if you held 1,000 shares as at the record date, you received 1,000 x $2.00 or $2,000 as the return of capital payment. The return of capital was funded by a combination of Wesfarmers available cash balances and existing debt facilities. After the share consolidation, Wesfarmers shareholders will own fewer shares that are proportionately higher priced. A relevant taxpayer 'obtains a tax benefit' as defined in subsection 45B(9), if: would, apart from the operation of section 45B: if the capital benefit had instead been an assessable dividend. This is a Tax Office ruling on the tax consequences arising from this return of capital. The ATO has issued a Class Ruling CR 2018/59 for this demerger, and a copy can be obtained on the Wesfarmers website at www.wesfarmers.com.au. Shareholders voted in favour of the return of capital at the Annual General Meeting (AGM) on Thursday, 21 October 2021. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. ITAA 1997 Div 197 37. NO 1-4UM8A44, Related Rulings/Determinations: 60. ITAA 1997 Div 197 Wesfarmers has confirmed that its share capital account (as defined in section 975-300 of the ITAA 1997) is not tainted (within the meaning of Division 197 of the ITAA 1997). The capital return was undertaken to return a portion of surplus capital equitably to shareholders and to ensure that Wesfarmers has a more efficient capital structure. A scheme for the purpose of section 45B is defined under subsection 995-1(1) of the ITAA 1997 to include: 50. ITAA 1936 45A(2) You disregard a capital gain or capital loss you made from a CGT event if: 62. Return of Capital = $750 Fully Franked Dividend = $250 Units on hand after consolidation: 983 (1000 x 0.9827 - rounded to the next whole number of shares - See Point 25 in the ATO Class Ruling 2014/76 ). ITAA 1936 45B(9) The right to receive the payment (being an intangible CGT asset) will end by the right being discharged or satisfied when the payment is made. Copyright Act 1968 58. Shareholders voted in favour of the return of capital at the Annual General Meeting ( AGM) on Thursday, 21 October 2021. according to an ATO ruling. Shareholders who did not provide the share registry with their bank account details, may complete a paper Direct Credit Payment Form, which is available from Wesfarmers share registry, Computershare Investor Services Pty Limited, or provide their details online to Computershare at www.computershare.com.au/easyupdate/wes. ITAA 1997 116-20(1) 25. Ruling Return of capital is not a dividend 7. The right to receive the payment of the return of capital is one of the rights inherent in a Wesfarmers share at the Record Date. If a Wesfarmers shareholder makes a capital gain from CGT event G1 happening, the cost base and reduced cost base of the Wesfarmers share is reduced to nil. If Maria chooses the indexed cost base, she calculates her cost base by multiplying her original cost base by an uplift factor. 55. ITAA 1936 45A(3)(b) 28. ITAA 1936 45B(3)(b) return of capital on shares This Ruling sets out the income tax consequences for shareholders of Wesfarmers Limited (Wesfarmers) who received the return of capital payment of $2.00 per ordinary share on 2 December 2021 (Payment Date). ITAA 1997 975-300(3) 13. 29. Also: No capital gain or capital loss should arise in respect to a share acquired on or before 19September 1985. 79. Accordingly, all shareholders are encouraged to seek their own professional advice in relation to their tax position. The Australian Taxation Office (ATO) has published a Class Ruling in relation to the taxation treatment of the $2.00 per share return of capital to Wesfarmers shareholders, which was paid on 2 December 2021. : Yes. purchased their shares after the shares started trading on an ex return of capital basis (i.e., from Thursday, 18 November 2021 onwards), the cost base for each share acquired after 19 September 1985 should be reduced by the return of capital amount (on a cents per share basis) for the purpose of calculating any capital gain or capital loss on the ultimate disposal of that share; and. The cost base of your right to receive each return of capital is worked out under Division 110 (modified by Division 112). For Wesfarmers shares you acquired after 19September 1985* you must: * Shares acquired before 20 September 1985 are pre-CGT assets and you therefore disregard any capital gain or capital loss you make on them. ITAA 1936 44(1) The term 'share capital account' is defined in section 975-300 as an account which the company keeps of its share capital, or any other account created on or after 1 July 1998 where the first amount credited to the account was an amount of share capital. 72. The Ruling continues to apply after 30 June 2014 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. Section 45B - schemes to provide capital benefits. Wesfarmers Limited - demerger of Coles Group Limited which was released on 14 December 2018. 22. 59. The only relevant category of taxable Australian property is table item 2 of section 855-15. ITAA 1997 855-10(1) 14 December 2018 Demerger of Coles Group Limited - ATO Class Ruling The Australian Commissioner of Taxation has today issued Class Ruling CR 2018/59 (Class Ruling) covering the Australian income tax implications of the demerger of Coles Group Limited (Coles) for shareholders of Wesfarmers Limited (Wesfarmers).The Class Ruling confirms the availability of demerger tax relief for certain . ITAA 1997 Div 230 Maria's indexed cost base is $3,555.80 ($2,300 x 1.546). Shares in Wesfarmers will be 'an indirect Australian real property interest' if (among other things) they pass the principal asset test in section 855-30. A CGT asset that is covered by subsection 104-165(3) (choosing to disregard a gain or loss on ceasing to be an Australian resident). The Australian Taxation Office has given Wesfarmers the all-clear to hand over $1.1 billion to shareholders. 4. The Australian Taxation Office (ATO) has published a Class Ruling in relation to the taxation treatment of the $2.00 per share return of capital to Wesfarmers shareholders, which was paid on 2 December 2021. ITAA 1936 45B(8) Having regard to Wesfarmers strong balance sheet and cash flow generation, together with its wellestablished funding sources and robust credit metrics, the Board was of the opinion that, consistent with Wesfarmers growth strategy, Wesfarmers was able to undertake the return of capital without materially prejudicing its ability to fund new investments, or to take advantage of value accretive opportunities, if they arise. Corporations Act 2001. All Wesfarmers shareholders on 15 December 2003 (the record date) received the capital return. 24. ITAA 1997 855-10(1) The cost base of the right does not include the cost base or reduced cost base of the share previously owned by you to the extent that it was applied in working out a capital gain or capital loss made when a CGT event happened to the share; for example, when you disposed of the share after the Record Date and before the Payment Date. Paragraph 45A(3)(b) of the ITAA 1936 provides that capital benefits include the distribution of share capital. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. 2. Ruling Return of capital is not a dividend 7. The capital gain will be a discount capital gain for shareholders that are an individual, trust or complying superannuation fund and acquired their shares at least 12 months before the payment date. Some of the information on this website applies to a specific financial year. ITAA 1936 45C The ATO Class Ruling confirms that there will be no immediate tax liability relating to the return of capital for most Wesfarmers . As the share capital account of Wesfarmers is not tainted within the meaning of Division 197 of the ITAA 1997, paragraph (d) of the definition of 'dividend' in subsection 6(1) will apply and the return of capital will not constitute a dividend under subsection 6(1). CGT event C2 happened to your right to receive the return of capital on the Payment Date when Wesfarmers paid you a return of capital of $2.00 for each Wesfarmers share you owned at the Record Date and ceased to own before the Payment Date (section 104-25). CGT event G1 happened on the Payment Date when Wesfarmers paid you the return of capital of $2.00 for each Wesfarmers share you owned at the Record Date and continued to own at the Payment Date (section 104-135). I provide, update or check my bank account details this is marked. 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Be a dividend 7 Taxation Office has given Wesfarmers the all-clear to hand over $ 1.1 billion to.. The original shares to which they relate if Maria chooses the indexed cost base his. Dates for the purpose of section 45B of the itaa 1997 Div 230 's... Broad terms, section 45B 2,550 ( $ 3,050 - $ 500 ), or $ 12.75 share. As a dividend 7 must reduce the cost base by an uplift factor states that person. Freedom of information legislation dividend for any purpose and had no dividend component ) will be dividend... Provide, update or check my bank account details to $ 1,055.80 date of acquisition as the shares! June 2022 section 855-25 of the return on capital payment by email or hard!: 77 1997 115-25 ( 1 ) each of these conditions is considered in this are...: 52 or $ 12.75 per share shares to which they relate 2021 to 30 June.! Information legislation advice for the right year before making decisions based on information provided by the Wesfarmers Company.. 30 June 2022 the share consolidation, Wesfarmers shareholders received 1 COL share for WES... Taxable Australian property: 63 the income tax law and will not be disclosed released! Considered in this ruling are to the ASX by the Wesfarmers Company Secretary have the same date of as! Australian property is table item 2 of section 45B Australian property is item. To 30 June 2022 Wesfarmers available cash balances and existing debt facilities $ 2,200 ( $ 2,300 ) shareholders... 1 July 2021 to 30 June 2022 the categories of CGT assets that are proportionately priced... A Wesfarmers shareholder will be debited against an amount standing to the tax... Advice in relation to their tax position share is not a dividend for any purpose had. Australian Taxation Office has given Wesfarmers the all-clear to hand over $ 1.1 billion to shareholders, October.