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ETF Investor Tax Time Checklist

It is crucial for ETF investors to understand how to complete their tax returns at the end of each financial year. Investors can complete their own tax return from July 1st to October 31st each year or they can be completed by a financial professional.

The below ETF Investor Tax Time Checklist is designed to help simplify and guide ETF investors through the process. However, it does not take your personal circumstances into account nor should it be considered tax advice.

What to Declare:

• Income from ETF distributions, including reinvested amounts via Distribution Reinvestment Plans (DRP).
• Capital gains or losses when selling or disposing of ETF units.

What to Claim:

• Franking credits if your ETF invests in Australian companies with tax already paid, or other related tax benefits such as foreign income tax offsets. Check your annual tax statement for the amount.

Where to Find Information:

• If available, pre-filled information can be found via myTax on the Australian Taxation Office (ATO) portal.
• If not pre-filled, use your annual tax statement which is found on Computershare to complete the required information.
• Please note: Global X does not distribute annual tax statements. If you have any questions about your annual tax statement, please contact Computershare directly.

Distribution Reinvestment Plans (DRP):

• Reinvested distributions are assessable in the year they relate to. Click here to access Global X’s DRP Guide.
• Include DRP units in your cost base for capital gains tax (CGT) calculations when sold.

Selling or Disposing of ETF Units:

• Calculate CGT on disposals (sales, gifting, transfers, mergers, etc.).
• Keep records of dates, prices, and costs related to units sold or disposed of.

Record-Keeping:

• Retain investment records for 5 years after tax return processing.
• Keep details of purchases, sales, distributions, and any CGT events.

Please refer to the ATO website for more information.