Although you received units in SCA Property Management Trust and SCA Property Retail Trust and not cash, for tax purposes you received from Woolworths both:
- a fully franked dividend, and
- a capital return amount.
Dividend amount
The dividend amount was $0.7097721 for every five Woolworths shares you owned on 30 November 2012.
This equates to $0.14195442 for each of your Woolworths shares for which you received an SCA Property Group stapled security.
As the dividend is fully franked it has franking credits attached to it.
You must include your dividend amount, and the franking credit attached to it, at the Dividends label in your 2012–13 tax return.
Your Woolworths Limited in-specie distribution advice will tell you these amounts.
You are entitled to a franking tax offset equal to the franking credit amount.
Claiming your franking tax offset when you do not need to lodge a tax return
If you are eligible to claim a franking tax offset for 2012–13 but you are not otherwise required to lodge a tax return, see Refund of franking credits instructions and application for individuals 2013.
Capital return amount
A capital gains tax event happened when you received the capital return.
The capital return amount was $0.7299279 for every five Woolworths shares you owned on 30 November 2012.
This equates to $0.14598558 for each of your Woolworths shares for which you received an SCA Property Group stapled security.
You do not include the capital return amount as income anywhere in your tax return if you continued to own your Woolworths shares on 11 December 2012 (distribution date).
You must however reduce the cost base of your Woolworths shares by the capital return amount.
If you owned Woolworths shares on 30 November 2012 but sold them before 11 December 2012, follow the instructions under Shares sold before 11 December 2012.