Question: In my SMSF at 30 June 2014, we held 2,000 Westfield Group (WDC). Under our entitlement, we received 2,492 Scentre Group, plus 2,000 Westfield Corp. Having since sold the 2,492 Scentre, I need to know the cost base for the entitlement. Have tried reading the 400-odd page Westfield document but still none the wiser. Can you help please?
Answer (Paul Rickard): Thanks for the question.
If you look at page 329 in the Explanatory Memorandum, there is an explanation of the general taxation principles.