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OOO betashares crude oil index etf-currency hedged (synthetic)

2.81%

$19.36

AMIT fund and tax, page-2

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Jimmp

51 Posts.

2

21/04/23

11:02

Post #: 67392369
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Originally posted by Spekulator: ↑

Hi Holders,

Has anyone had any surprises in their tax due to this investment?
In the year FY22, they paid out large distributions and I included these in my tax. However the info reported to the ATO is 300% higher than what was payable to me.... The registry (Link Market Services) for Betashares are saying that the info provided to the ATO is correct and I am expected to pay tax on the 300% higher figure even though it hasn't been distributed to me...

how is that we can be taxed on earnings not received? If the earnings are retained by the fund, surely it should be treated as capital gains attributable to the unit price.... Anyone else had this surprise for FY22??

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That's interesting to hear. Makes me rethink my choice.
I have only started to hold this financial year after the Divys were paid out. However I will ask my mate who has been holding this for a while and see what he says.

OOO Price at posting: $19.36 Sentiment: None Disclosure: Held
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AMIT fund and tax, page-2

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