Tax Information
As a Securityholder in Babcock & Brown Infrastructure, you own shares in a company, Babcock & Brown Infrastructure Limited ("BBIL") and units in a trust, Babcock & Brown Infrastructure Trust ("BBIT"). Babcock & Brown Investor Services Limited ("BBIS") is the Responsible Entity for BBIT. The share in BBIL and the unit in BBIT form a "stapled security" which cannot be separately traded although they are taxed on a different basis.
BBI Securityholders receive a distribution statement each time BBI pays a distribution. In addition, each year BBI provides all Securityholders with a Taxation Statement Guide ('the Guide'). The purpose of the Guide is to provide you, as a Securityholder in Babcock & Brown Infrastructure, with general information regarding the tax implications arising from the receipt of the relevant year's distributions from BBIT.
As at September 2008, all interim and final distributions paid by BBIT to date represent 'tax deferred' amounts and relate to your entitlement to the surplus funds of BBIT for the relevant period. As such, the information on your interim distribution statement and on your final distribution statement, for the majority of Securityholders, should not need to be disclosed on your 2008 income tax return. This information will be relevant when you dispose of your securities in Babcock & Brown Infrastructure.
The 2008 Guide has been prepared on the basis of taxation laws prevailing as at the date of the Guide. The Guide is intended to assist Securityholders in meeting their income tax compliance obligations. Securityholders are not entitled to rely upon this information in relation to managing their specific tax affairs. Securityholders should obtain their own tax advice in relation to the taxation implications associated with their investment in Babcock & Brown Infrastructure.
The 2008 Guide was sent to Securityholders in September 2008 and an electronic version can be accessed from the link below.
BBI Tax Statement Guide 2008 Relative Cost Bases of Stapled Security