Australian Capital Gains Tax considerations

An APN European Retail Property Group (‘AEZ Group’) stapled security comprises two separate assets for capital gains tax purposes (one APN European Retail Property Holding Trust unit and one APN European Retail Property Management Trust unit).

For capital gains tax purposes you need to apportion the cost of each Stapled Security and the proceeds on sale of each Stapled Security over the separate assets that make up the Stapled Security. This apportionment should be done on a reasonable basis.

One possible method of apportionment is on the basis of the relative Net Tangible Assets of the individual entities.

The relative NTAs of the individual entities comprising the AEZ Group are set out below:

The Summary of Australian Capital Gains Tax considerations presented above is designed to assist you in completing your tax return when you dispose of your AEZ stapled security. As each security holder’s particular circumstances is different, we recommend you seek professional advice in relation to the taxation implications of your investment. Whilst every care has been taken in the preparation of this information, APN Funds Management reserves the right to make amendments or corrections to the information set out above.