Tax Information

Security Cost Base (Capital Gains Tax)

The Australian tax consequences of the sale or other disposal of an DXC Security and the allocation of any Attribution Managed Investment Trust (AMIT) cost base net amount – excess/shortfall (as detailed on the annual Taxation Component Statement) will typically depend on the cost base that the security holder has in the their DXC Securities.

This cost base needs to be determined in respect of each of the three different securities that make up each stapled DXC Security and this needs to be done in respect of the various tranches of DXC Securities the security holder has.

The cost base of DXC Securities a security holder has will be calculated in a different way depending on whether the DXC Securities were acquired in the 2017 IPO (described above), were acquired as a result of an investment in a predecessor fund (APN Portfolio Plus Property or APN Retail Property Fund) or were acquired after the IPO (e.g. purchased on the ASX).

• Security holders that acquired their DXC Securities as a result of participating in the 2017 IPO will have a cost base as outlined here.
• Security holders that acquired their DXC Securities as a result of an original investment in the predecessor fund, APN Portfolio Plus Property, will have a cost base as outlined here.
• Security holders that acquired their DXC Securities as a result of an original investment in the predecessor fund, APN Retail Property Fund, will have a cost base as outlined here.

Security holders that have acquired DXC Securities since the 2017 IPO need to set the cost base they have by allocating the cost of each DXC Security over the separate assets that make up the stapled securities on a reasonable basis. The way this can be done, as well as the allocation of sale proceeds (to calculate any taxable gain on sale), is to apply a Net Asset Value approach in respect of the 3 stapled entities using the following information: