The SMSF held 1,598 units of WDC and WRT as at 27 June 2014 then converted into (1,598 x 0.918 + 1598 x 1.246 = 1,467 + 1,992 =) 3,459 units of SCG & 1,598 units of WFD as resulted of the Westfield reconstruction.
As per instructions from the Westfield group, you will need to report the Westfield Trust distribution under SCG, Westfield America Trust under WFD, Westfield Retail Trust under SCG respectively.
The subsequent February 2015 distribution from SCG and WFD should be processed as per normal.
To process the Westfield Tax Statement in bulk, navigate to Excel Transaction Loader > Income > Generate Bulk Tax Statement. Refer to Excel Transaction Loader for more information.
You must process all the buy and sell transactions up-to-date and cash distribution events correctly before you can use this efficiency tool.
Any information expressed in this article does not purport to be any financial or tax advice as we have not taken into account any of your financial or tax objectives that are specific to your circumstance. While effort has been made to ensure the information is as accurate and relevant as possible, it should be construed as general information to assist Class users in understanding the implications of the Corporate Action. You should not rely on the information provided as advice, instead seek your own independent advice from appropriately qualified practitioners or conduct your own research.