What is the Cost Base Reduction from Tax Deferred Amount of Trust Distributions?
We have shown the tax deferred amounts of distributions you received from Westfield Trust and Westfield America Trust on your Tax Statement. These amounts are generally not assessable income in your current tax return, however, the tax deferred amounts reduce the cost base of your respective units in Westfield Trust and Westfield America Trust. If your cost base is reduced to nil, any further tax deferred amounts may be taxable as a capital gain.
