CR 2018/30 & CR 2018/31 – restructure of IFM Infrastructure Funds; Westfield sale of Unibail-Rodamco stapled securities

On Wednesday 4 July 2018, the ATO issued the following two Class Rulings:

• CR 2018/30 – IFM Infrastructure Funds: restructure. This ruling considers the CGT consequences of the issue of units under a restructure arrangement. Date of effect: 1 July 2018 to 30 June 2019; and
• CR 2018/31 – Sale of Westfield Group stapled securities to Unibail-Rodamco SE: CGT consequences. It discusses the CGT implications for holders of Westfield Group stapled securities who participated in the scheme set out in CR 2018/31. Date of effect: 1 July 2017 to 30 June 2018. (See Related TT Article)

FJM 14.7.18

[LTN 126, 4/7/18; Tax Month – July 2018]

Comprehension questions (answers available)

1. Is the first of these about the IFM Infrastructure Fund?
2. Is the second of these about the Westfield shopping centres?

[answers:1.yes;2.no(Unibail-Rodamco stapled securities)]