Visit the Link Investor Centre to view information relating to dividend history and refer to below for specific transactions impacting HMC Capital security holders.
Australian capital gains tax considerations
Prior to 25 December 2021, a HMC stapled security comprises two separate assets for capital gains tax purposes, being a share in Home Consortium Limited (HCL) and a share in Home Consortium Developments Limited (HCDL). 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.
| Date | Home Consortium Ltd | Home Consortium Developments Ltd | HomeCo Group Total |
|---|---|---|---|
| 31-Dec-19 | 100.00% | 0.00% | 100.00% |
| 30-Jun-20 | 100.00% | 0.00% | 100.00% |
| 31-Dec-20 | 99.94% | 0.06% | 100.00% |
| 30-Jun-21 | 99.63% | 0.37% | 100.00% |
On 24 December 2021, Home Consortium (HomeCo) undertook a restructure from a stapled company structure (comprising Home Consortium Limited (HCL) and Home Consortium Developments Limited (HCDL)) to a single company structure, resulting in HCL becoming the sole parent company of the HomeCo group (the Restructure). Refer to HMC Restructure Tax Guide document below.
Capital distribution of units in HomeCo Daily Needs REIT
Tax information guide for Australian resident HMC Capital security holders, refer to the PDF attached below.
HMC Capital Reduction Tax Guide
Aventus Holdings Limited
On 4 March 2022, Home Consortium (HomeCo) underwent a merger with Aventus Group (Aventus) by way of two schemes of arrangement (the Merger). Refer to the guide below for tax implications.