work out any capital gain or capital loss separately for the unit and the share.īecause each security that makes up your stapled security is a separate CGT asset, you must work out a cost base and reduced cost base for each separately.continue to include separately on your tax return dividends from the company and trust distributions from the trust.For example, if a share in a company and a unit in a unit trust are stapled, you: However, in general, the effect of stapling is that each individual security retains its character and there is no variation to the rights or obligations attaching to the individual securities.Īlthough a stapled security must be dealt with as a whole, the individual securities that are stapled are treated separately for tax purposes. The issuer of the stapled security will be able to provide you with detailed information on their particular stapling arrangement. The effect of stapling depends on the specific terms of the stapling arrangement. ![]() For example, many property trusts have their units stapled to the shares of companies with which they are closely associated. ![]() Many different types of securities can be stapled together. ![]() Stapled securities are created when two or more different securities are legally bound together so that they cannot be sold separately.
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