Distribution / Tax

Distributions Information

As required by its constitution, BWP distributes all its “profit attributable to unitholders of the BWP Trust” as per the statutory accounts every six months, excluding unrelated movements in the fair value of investment properties, as well as other items determined by the directors.  The record dates for these distributions are normally 31 December for the interim distribution and 30 June for the final distribution.

The Distribution Reinvestment Plan (DRP) was in place for the interim distribution but has been suspended for the final distribution.

 

Payment Date 

Rate
(cents/unit)

Tax free
(%)

Tax Deferred1
(%)

Price of units
issued under
DRP

Final
Interim
23 Aug 2019
22 Feb 2019
9.18
8.93
  -2
-2
N/A
$3.65
Final
Interim
24 Aug 2018
23 Feb 2018
9.03
8.78
  15.55
15.55
$3.28
$3.10
Final
Interim
25 Aug 2017
24 Feb 2017
8.88
8.63
  22.29
22.29
$2.91
$2.92
Final
Interim
25 Aug 2016
25 Feb 2016
8.50
8.29
  25.44
25.44
$3.75
$3.09
Final
Interim
27 Aug 2015
26 Feb 2015
8.17
7.67
  18.27
18.27
$3.2561
$2.8137
Final
Interim
28 Aug 2014
25 Feb 2014
7.88
6.83
  14.69
14.69
$2.4937
$2.2176
Final
Interim
28 Aug 2013
26 Feb 2013
7.14
7.00
  24.26
24.26
$2.3387
$2.2142
Final
Interim

29 Aug 2012
24 Feb 2012

8.04
6.63

  19.36
19.36

$1.8868
$1.7404

Final
Interim

26 Aug 2011
25 Feb 2011

5.80
6.18

  22.60
22.60

N/A
$1.7261

Final
Interim

27 Aug 2010
26 Feb 2010

5.98
6.10

 

23.93
23.93

$1.8028
$1.7424

Final
Interim

31 Aug 2009
27 Feb 2009

4.87
6.70

 

28.07
28.07

$1.5932
$1.5849

Final
Interim

29 Aug 2008
23 Feb 2008

6.72
6.55

 

23.55
23.55

$1.62
N/A

Final
Interim

29 Aug 2007
23 Feb 2007

6.56
6.42

 

23.62
23.62

N/A
N/A

Final
Interim

30 Aug 2006
01 Mar 2006

6.39
6.22

 

24.22
24.22

N/A
N/A

Final
Interim

24 Aug 2005
28 Feb 2005

6.17
5.79

 

25.20
25.20

N/A
N/A

Final
Interim

27 Aug 2004
25 Feb 2004

5.87
5.51

 

26.83
26.83

$1.54
$1.53

Final
Interim

05 Sep 2003
27 Feb 2003

5.35
5.15

 

30.15
30.15

$1.50
$1.31

Final
Interim

30 Aug 2002
28 Feb 2002

4.97
4.80

 

34.68
34.68

$1.28
$1.21

Final
Interim

27 Aug 2001
01 Mar 2001

4.68
4.50

7.09
7.09

33.77
33.77

$1.13
$1.03

Final
Interim

22 Aug 2000
28 Feb 2000

4.86
4.70

13.35
13.35

41.38
41.38

$0.96
$1.00

Final
Interim

27 Aug 1999
15 Feb 1999

4.70
2.50

10.57
10.57

44.14
44.14

N/A
N/A

1 Tax Deferred Component calculated on full-year results. 

2 For the year ended 30 June 2019, an upwards adjustment to the cost base of the units may be available, this information will be provided on the Attribution Managed Investment Trust Member Annual statement (“AMMA”). Independent tax advice should be sought when completing your tax return. Copies of the AMMA can be obtained from the Trust’s unit registry website, using the following link. Click here

Tax Treatment for one-off distributions

 

Payment
Date

Rate
(cents/unit)

Tax free
(%)

Tax Deferred
(%)

Price of units
issued under
DRP

Special

23 Aug 2019

1.56

-

-3

N/A

Final
Interim

27 Aug 2001
01 Mar 2001

4.68
4.50

-
14.46

40.86
26.40

N/A
N/A

3 For the year ended 30 June 2019, an upwards adjustment to the cost base of the units may be available, this information will be provided on the Attribution Managed Investment Trust Member Annual statement (“AMMA”). Independent tax advice should be sought when completing your tax return. Copies of the AMMA can be obtained from the Trust’s unit registry website, using the following link. Click here

Information on the tax treatment of distributions

BWP Trust has elected into the Attribution Managed Investment Trust (“AMIT”) regime with effect from the year ended 30 June 2019. As such, the Attribution Managed Investment Trust Member Annual statement (“AMMA”) has replaced the annual tax statements that unitholders received in previous years.

Prior to the 1 July 2001, distributions paid by the Trust had a tax-free and a tax-deferred component. Due to legislative changes, from 1 July 2001 the tax-free component of the distribution is now effectively treated as a tax-deferred component.

The tax-deferred components of the distribution are not assessable for income tax purposes, although these may have capital gains tax implications for unitholders. Also, under the AMIT regime, where a member receives a distribution of cash that is less than their allocated share of the taxable trust components, members will be entitled to make upward adjustments to the cost base of their units. Independent tax advice should be sought when completing your tax return.

In the statement of interim distribution issued to unitholders, a preliminary estimate of the tax-deferred components of the distribution is provided. However, the preliminary estimate is superseded by the actual calculation of the tax-deferred components of the distribution made at year end.

An Attribution Managed Investment Trust Member Annual statement is forwarded to all unitholders at the end of each financial year. This provides a breakdown of each of the taxable and non-taxable components of the distributions paid or payable for the respective financial year.

Copies of previous year's tax statements can be obtained from the Trust's unit registry website, using the following link. Click here