I am a European resident. VLI transports millions of tons of agricultural products and steel products that are critical to the Brazilian economy. In general, this special distribution will reduce the adjusted cost base of your interest in the partnership units of Brookfield Infrastructure Partners L.P. by an amount equal to the fair market value at the time of the special distribution of the class A shares you have received. The fund is located in Toronto, Canada and will invest in North and South America, Europe and Australasia. X Yes No 9. Our transport segment is a significant beneficiary of the robust economic recovery occurring in most of our investment markets. The Forms 1099-INT and DIV prepared by your broker will include information on any foreign withholding taxes that were withheld by your broker so that you may claim them, if eligible, in your tax return as a credit and/or deduction. 1.1446(f)-4(b)(3)(iii) as applicable. Is the UK government underestimating public outrage on sewage spills? Beneficial Canadian unitholders (i.e., those holding their units in street name with their brokerage) should receive a T5013 from their Canadian broker. The fund is located in New York, New York. What is my Adjusted Cost Basis? Sec. Non-controlling interest attributable to: Redeemable partnership units held by Brookfield, Interest of others in operating subsidiaries, Share of (losses) earnings from associates and joint ventures, Non-controlling interest of others in operating subsidiaries. If you have any questions about Form T5013 you should contact your broker. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $690 billion of assets under management. The amount of interest, dividends and returns of capital that is earned and then allocated to unitholders will vary depending upon the particular business unit(s) from which funds are sourced. The NAICS codes should have no impact on the computation of your taxes. Please note that ones personal tax circumstances must be taken into account and that the IRS will, in certain circumstances, require individuals to submit their tax returns in a paper format. Previously issued notices can be found in the Qualified Notices section below. They include US$27m loan issued to Polaris Infrastructure, a Toronto-based operator and developer of renewable energy projects in Latin America, and a debt facility for Vivint Solar, a provider of residential solar power in the US. With our regulated distribution portfolio in the U.K., we built a formidable utility franchise in a highly sought-after jurisdiction. Chief Executive Officer, Insurance Solutions, John Hancock Life Insurance Company of New York, Youre viewing 5 of 24 limited partners. Is this special distribution taxable for U.S. federal income tax purposes? For the purpose of reporting foreign property by Canadian investors, pursuant to section 233.3 of the Canadian Income Tax Act, Brookfield Infrastructure Partners is not a specified foreign property and therefore does not need to be reported on Form T1135 Foreign Income Verification Statement. Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Find the latest Brookfield Infrastructure Partners L.P. (BIP) stock quote, history, news and other vital information to help you with your stock trading and investing. Because the withholding tax process is administered by the brokerage community rather than us, taxes withheld are only reported on Forms 1099-INT and 1099-DIV (and not on Schedule K-1). Brookfield Infrastructure Debt Fund II is an infrastructure debt fund managed by Brookfield Capital Partners. Businesses that provide essential services and critical infrastructure to transmit and store data (). Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? Email:bip.enquiries@brookfield.com, Evolving to offer the best of both worlds, Previously issued notices can be found in the Qualified Notices section below, Please also see a letter from counsel on this issue, Please also see a letter from counsel on this issue below, BIP Taxation Overview - Australian Investors, BIP Taxation Overview - European Investors, Market Value Information for Units of Brookfield Infrastructure Partners, 2023 Withholding Tax Information for Distributions, 2022 Canadian Taxable Income Calculation (Common), 2022 Canadian Taxable Income Calculation (Preferred - Series 1), 2022 Canadian Taxable Income Calculation (Preferred - Series 3), 2022 Canadian Taxable Income Calculation (Preferred - Series 7), 2022 Canadian Taxable Income Calculation (Preferred - Series 9), 2022 Canadian Taxable Income Calculation (Preferred - Series 11), 2022 Canadian Taxable Income Calculation (Preferred - Series 13), 2022 Canadian Taxable Income Calculation (Preferred - Series 14), Calculation of Adjusted Cost Base (Common), Calculation of Adjusted Cost Base (Preferred - Series 1), Calculation of Adjusted Cost Base (Preferred - Series 3), Calculation of Adjusted Cost Base (Preferred - Series 7), Calculation of Adjusted Cost Base (Preferred - Series 9), Calculation of Adjusted Cost Base (Preferred - Series 11), Calculation of Adjusted Cost Base (Preferred - Series 13), Calculation of Adjusted Cost Base (Preferred - Series 14). Brookfield Perspectives is a podcast exploring how we invest in the backbone of the global economy. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Federal Exemption (s) and Exclusion (s) Claimed (select all that apply) 7. For more information, go to www.brookfield.com. The rate of withholding varies, amongst other factors, depending on a holders country of tax residence, type of ownership account, and whether holders have provided their broker (or Brookfield Infrastructure Partners transfer agent in the case of registered unitholders) with the appropriate Internal Revenue Service ("IRS") Form (Form W-8BEN, W-8BEN-E, W-8-ECI, W-8EXP, W-8IMY or W-9) and Canada Revenue Agency ("CRA") Form (Form NR301, NR302, and NR303). Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure Partners) is a Bermuda based limited partnership that is treated as a partnership for Canadian tax purposes. www.computershare.com/investor, Brookfield Infrastructure For Canadian residents, the tax cost of units is determined in Canadian dollars so all three components should be determined in Canadian dollars. The fund targets the renewable energy sector. Get the latest Brookfield Infrastructure Partners L.P. (BIP.UN) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and . We begin this year with a strong liquidity position and half of our 2022 deployment target already secured.. Inter Pipeline owns and operates energy infrastructure assets in Western Canada including the Heartland Petrochemical Complex. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Private Funds; Public Securities; Financial Advisors. 1We report the gross distribution and the portion of the distribution that is eligible to be treated as a qualified dividend for U.S. tax purposes on our Schedule K-1 that is issued to U.S. unitholders in February of the following year. Brookfield Infrastructure Partners U.S. tax identification number (Employer Identification Number) is 98-0330282. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? No, Brookfield Infrastructure Partners has not and is not expected to generate effectively connected income (ECI) or commercial activity income (on a global basis). Prior year results reflected an additional 12.5% ownership in our U.S. gas pipeline, which was sold in March. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com Our portfolio, grounded in 120 years of investment experience, provides diversified exposure to scarce, high-quality businesses with significant barriers to entry. The filing notes that the amount raised includes separate accounts that invest alongside the fund and commitments from the sponsor that may be satisfied through or alongside the fund. Description. Brookfield Infrastructure Debt Fund II is focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well . Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Read our policy. Please also see a letter from counsel on this issue, as well as more detailed discussion on this new rule and its applicability to BIP units. Historically, our partnerships income has included Canadian and US source interest and dividends earned from subsidiaries that, when paid to a European unitholder, are subject to varying rates of U.S. and Canadian withholding taxes ranging from nil to 30%. Since Brookfield Infrastructure Partners is a "flow-through" for U.S. and Canadian income tax purposes, a portion of the income may be subject to withholding taxes levied by jurisdictions such as the U.S. and Canada. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Consolidated Statements of Cash Flows, Brookfield Infrastructure Corporation I owned units of Brookfield Infrastructure Partners L.P. prior to the formation of Brookfield Infrastructure Corporation. 83870 Signes. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. To view Brookfield Infrastructure Debt Fund IIs complete limited partners history, request access, Youre viewing 5 of 281 funds. Brookfield Infrastructure Fund III is a closed private equity fund managed by Brookfield Infrastructure Partners . Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. Current year results also reflect elevated commodity prices across our existing businesses. G&W owns or leases116 freight railroads worldwide organized in locally managed operating regions with 7,300 employees serving over 3,000 customers. Issuer Size 6. In 2009, as part of the restructuring of Babcock & Brown Infrastructure, we acquired a regulated U.K. distribution business connecting homes to the main utility grid. The allocation of U.S. taxable income is communicated using Schedule K-1. North America: 1-866-989-0311 Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. Brookfield Infrastructure Partners is not a tax shelter and therefore does not have an applicable TS number. Since Brookfield Infrastructure Partners is a "flow-through" for U.S. and Canadian income tax purposes, a portion of the income may be subject to withholding taxes levied by jurisdictions such as the U.S. and Canada. Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Prior year results included approximately $25 million of additional earnings associated with the partial disposition of our Australian export terminal and Chilean toll road operation completed in the last 12 months. Withholding tax information for quarterly distributions will be posted approximately two weeks prior to each distribution payment date on the tax section of our website. Brookfield Infrastructure Partners U.S. operations are carried out through U.S. resident corporate subsidiaries. This is a formidable utility franchise in a highly sought-after jurisdiction. While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. Why dont I receive the full distribution amount? The source of funds for the distributions will also affect how much if any of the distributions are subject to withholding tax. The firm has already begun marketing the fund, which may exceed the . Our goal is simple: to generate growth and attractive long-term risk-adjusted returns for our investors to serve their stakeholders, all while providing the highest level of service. Computershare Brookfield Infrastructures Letter to Unitholders and Supplemental Information are available at www.brookfield.com/infrastructure. Additionally, Brookfield Infrastructure Partners is required to use reasonable efforts to send a Schedule K-1 to all unitholders, including those who may not require it. No. In Canada, Brookfield Infrastructure Partners is a qualified investment for registered retirement savings plans, deferred profit-sharing plans, registered retirement income funds, registered education savings plans, registered disability savings plans and tax-free savings accounts. Priodes d'ouverture. Can I E-File my tax return? The Shares of BIPC are structured with the intention of being economically equivalent to the non-voting limited partnership units of Brookfield Infrastructure Partnership L.P. (BIP or the Partnership) (NYSE: BIP; TSX: BIP.UN). What is the tax cost of my units? Railpens Cambridge portfolio already includes Cambridge Retail Parkand The BeehiveCentre, Separate account relationship withGCM Grosvenor expected tonon-core real estate, Singapores GICexpands exposure to logistics assets with4m sqft portfolio purchase, Copyright 19972023 IPE International Publishers Limited, Registered in England, Reg No. These positive impacts were partially offset by an increase in the future U.K. tax rate which resulted in higher deferred tax expense of approximately $55million compared to the prior year. Who applies the withholding tax? These amounts will vary from year-to-year and are calculated in accordance with U.S. tax rules. If you are a U.S. unitholder and did not receive your Schedule K-1 for the previous taxation year please contact us at (866) 949-2771 or atwww.taxpackagesupport.com/brookfield. What Tax Form will I receive as a Canadian Unitholder? Except as required by law, Brookfield Infrastructure Corporation undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. Box 43078 Payments from holding companies in the US to a Canadian resident such as dividends may be subject to withholding taxes. Consequently, holders of Brookfield Infrastructure Partners units are advised to consult their own tax advisors with respect to their particular circumstances. Brookfield Infrastructure Partners L.P. is expected to qualify as an "investment" partnership" so that the special distribution of class A shares of Brookfield Infrastructure Corporation to a U.S. unitholder who is an "eligible partner" qualifies as a non-taxable distribution of property. My tax software requires that I insert a North American Industry Classification System (NAICS) code. Hard copies of the annual and quarterly reports can be obtained free of charge upon request. Find potential buyers without revealing your identity. Depending upon the particular taxation year, the T5013 will report various sources of income and expenses in a number of boxes on the form. This distribution represents a 6% increase compared to the prior year. Generally, our unitholders own their units in "nominee form" through brokers (also known as "beneficial" holders). Alternatively, Canadian unitholders can find information about the amount of taxes withheld on their monthly/annual broker statements. Brookfield Infrastructure Partners is required to use reasonable efforts to send a Schedule K-1 to all unitholders, including those who may not require it. La population mtropolitaine est quipe pour effectuer le tri du verre, du papier et des emballages. publication offers and more. What is the tax nature of the income earned by Brookfield Infrastructure Partners? After the end of Brookfield Infrastructure Partners' taxation year (December 31), the Canadian taxable income of Brookfield Infrastructure Partners is determined and allocated to all unitholders that are in turn required to report such income on their respective tax returns. For enquiries regarding unit transfers, changes of address, distribution cheques and lost unit certificates, please contact: Computershare BIPC reported a net loss attributable to the partnership of $368 million compared to $552 million in the prior year. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com. In 2021, we acquired Inter Pipeline, a strategic long-haul pipeline network with interests in petrochemical facilities and bulk storage assets. Sec. Consolidated Statements of Financial Position, Brookfield Infrastructure Partners L.P. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. Reg. In 2012, we acquired another company in the U.K. and merged the two operations. Results reflect the construction of 12,000 telecom tower sites across our portfolios in India and France to accommodate mobile data growth and corresponding network densification requirements. In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. Sign up here. The following table presents FFO by segment: We completed or advanced several important initiatives in, and subsequent to, the fourth quarter of 2021: The Board of Directors has declared a quarterly distribution in the amount of $0.54 per unit, payable on March 31, 2022 to unitholders of record as at the close of business on February 28, 2022. An fundraising target was not disclosed. Typically, brokers will prepare and distribute the Form T5013 in late March. www.taxpackagesupport.com/brookfield. Consolidated Statements of Financial Position, Brookfield Infrastructure Corporation Brookfield Infrastructure Fund II is a 2013 vintage infrastructure core fund managed by Brookfield Asset Management. Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? BOX 505000 Annul ou ferm. Can you send a replacement form? These towers are strategically located for pan-India 4G coverage. enquiries@brookfield.com North America: 1-866-989-0311 Global: 1-416-363-9491 Transfer Agent For enquiries regarding unit transfers, changes of address, distribution cheques and lost unit certificates, please contact: Computershare 2021 was a remarkable year for Brookfield Infrastructure, highlighted by our strong organic growth, capital recycling accomplishments, and the deployment of significant capital into new investments and other growth initiatives, said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? A recording of the teleconference can be accessed at 1-855-859-2056 or +1-404-357-3406 (Conference ID: 7897200). This broadly means Brookfield Infrastructure Partners L.P. is treated as a company for Australian income tax purposes. USA identifies the source of the income as United States. (Identifiant de l'offre: 4704427) Mis jour le 18 mars 2021 10:27. par Mairie de Signes. By clicking on I accept, you consent to our Privacy Policy. Previously issued notices can be found in the Qualified Notices section below. References to the Partnership are to Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners L.P. is one of the largest owners and operators of critical global infrastructure networks which facilitate the movement and storage of energy, water, freight, passengers and data. Please also see a letter from counsel on this issue below, as well as more detailed discussion on this new rule and its applicability to BIP units. If you are a beneficial Canadian resident unitholder and did not receive your Form T5013, please contact the brokerage firm with whom your units are held. This site uses cookies.
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