When does BetaShares A200, NDQ & ETHI issue tax statements 2022?

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Investors in BetaShares funds, including exchange-traded funds (ETFs), may be wondering when the BetaShares tax statements for 2022 are going to be released.

A tax statement can be very useful because it provides Australian taxpayers in BetaShares ETFs with the tax information they need to fill in their tax return.

Every year, the ETF providers like BetaShares issue an annual tax statement that will have each piece of information needed to enter on a tax return. Each ETF (and managed fund) will issue one of these statements.

For example, if someone were invested in BetaShares Australia 200 ETF (ASX: A200), Betashares Nasdaq 100 ETF (ASX: NDQ) and BetaShares Global Sustainability Leaders ETF (ASX: ETHI) then they’d receive three different statements.

Expected date for the 2022 BetaShares tax statement

BetaShares has been keeping investors up to date about when it expects to release its tax information.

The ETF provider has now released information for most ETFs and it’s now available. However, it hasn’t automatically released paper copies, explaining:

BetaShares tax statements are now digital unless paper post is specially requested. This change was made for both the convenience of our investors, and to reduce the carbon footprint associated with paper-post sends.

The information should also be available for the Australian Taxation Office (ATO) pre-fill report function.

Accountants or tax agents can help people with their tax returns.

What information is on there?

There will be a number of different bits of information on the 2022 BetaShares annual tax statement.

Different types of income are the main bits of information that we need to know so that the figures can be put into the correct sections on the tax return, including these four areas:

  • Income distributed from the ETF
  • Franking credits
  • Capital gains distributed
  • Foreign income

Capital gains can take more work calculating depending on how long they have been held (for longer or less than a year) and if there are previous capital losses to utilise. Capital gains on assets held for longer than 12 months can be halved (which is done on the tax return).

Tax takeaway

All the different parts of the income from the ETF are added to the other forms of taxable income (eg interest from bank accounts, wages, rental income and so on). Taxpayers may need to pay tax on the various forms of income from shares, including dividends from companies.

Tax professionals can assist Aussie taxpayers complete their tax returns if needed, so don’t be afraid to ask for help.



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