Distributions & Tax
Abacus Property Group’s distribution policy is to maintain or grow distributions per security, subject to the financial performance of the Group and the cash requirements of delivering future growth.
Securityholder distributions are sourced from the underlying profits of the Group.
Payment of distributions
Abacus Property Group currently pays distributions six monthly. Distributions are paid within two months of the end of each period, usually in February and August each year. Distributions may comprise distributions from Abacus Trust, Abacus Income Trust and Abacus Storage Property Trust and dividends from Abacus Group Holdings Limited, Abacus Group Projects Limited and Abacus Storage Operations Limited.
You can choose to have your distributions:
- paid directly into your nominated bank account; or
- reinvested in additional securities via the Distribution Reinvestment Plan.
The Distribution Reinvestment Plan is a convenient way to increase your holding in Abacus Property Group securities without incurring brokerage. Before applying you should read the terms of the DRP. Click here for a copy of the DRP terms.
The DRP is currently in operation and, if you have elected to participate, distributions are converted into new securities at the relevant DRP issue price. There is currently a 2.5% discount applied to the DRP issue price.
If you want to participate in the DRP, or vary or terminate your participation, please visit our registry Investor login facility to update your instructions online or call 1300 139 440.
Record of distributions and DRP pricing
Abacus Property Group’s financial year end for tax purposes is 30 June, at which time the components of the distribution are determined. The total annual distribution and tax components are reported in the Annual Tax Statement which is mailed to securityholders who received distributions in August each year. This will include the information you require to maintain your taxation records.
A copy of your Annual Tax Statement can be downloaded online by using the Investor login facility. You will need to log in using your SRN/HIN, surname and postcode.
Security holders who are not Australian residents for Australian tax purposes should seek their own investment and taxation advice. For more information, visit the Australian Tax Office website.
For a record of tax component information for previous financial years and estimates of tax components for the current financial year, click below.
Half year tax components are estimates only. The final taxation components of the current year distributions will be shown on your Annual Tax Statement which will be issued by the end of August.
Abacus Property Group is NOT a managed investment trust (MIT) and payments made under discounted capital gains relate to assets that are taxable Australian real property (TARP) within the meaning of s855-15 of the Income Tax Assessment Act 1997 (Cth) except where otherwise indicated.
Abacus Property Group securities are stapled securities. Each security comprises one unit in Abacus Trust, one unit in Abacus Income Trust, one unit in Abacus Storage Property Trust, one share in Abacus Group Holdings Limited, one share in Abacus Group Projects Limited and one share in Abacus Storage Operations Limited.
For capital gains tax purposes, investors who sell their Abacus Property Group securities will need to apportion the cost of each security and the consideration received on disposal of each security between the units in the trusts and the shares in the companies.
Detailed information on the CGT consequences of disposal of stapled securities is provided on the Australian Tax Office website.
To assist investors in calculating their CGT position, the following information is provided on the apportionment of the security price between the trusts and the companies.
Provision of your TFN (Tax File Number) or ABN (Australian Business Number) is not compulsory. However, if a TFN/ABN is not provided, we are required to deduct tax at the highest marginal tax rate plus Medicare levy from all distributions paid.
You can provide your TFN/ABN by contacting our registry on 1300 139 440 or via their Investor login facility.