Hi, I bought a share which is a managed fund. In my annual statement for tax purposes the fund has indicated a capital gain even though I haven’t sold the share nor got a capital amount from the fund apart from cash distribution management like dividends so I don’t really understand why do I incur a capital gain tax event. And if I sell the share later on with a profit I will have to pay capital gain tax on it as well. Can anyone explain this? I tried to look on google or the ato but I can’t find the answer to my question exactly as it is a managed fund listed on the share market. Thanks a lot.
