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How to handle Goodman Group (GMG) distributions in Sharesight

How to handle Goodman Group (GMG) distributions in Sharesight

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About Goodman Group (GMG)

Goodman Group is one of Australia's largest listed industrial property groups and a constituent of the ASX 200. It is structured as a stapled security consisting of two components that trade together as a single unit:

  • Goodman Limited — the company component
  • Goodman Industrial Trust — the trust component
  • Goodman Logistics (HK) Limited — a Hong Kong company component
Entity NameComponent TypeLegal TypeTax Treatment
Goodman Industrial Trust (GIT)TrustAustralian TrustTrust Income: Reported on an attribution (AMIT) basis using the Ex-Date.
Goodman Limited (GL)Non-trustAustralian CompanyDividends: Reported on a cash basis (when paid).
Goodman Logistics (HK) Limited (GLHK)Non-trustHong Kong CompanyForeign Dividends: Reported on a cash basis (when paid).

Because Goodman Group is a stapled security, the trust component is subject to AMIT (Attribution Managed Investment Trust) treatment. This means you will receive an Annual Tax Statement after 30 June each financial year that finalises the tax components for the trust portion of your distributions.


Two things GMG investors need to do each year

1. Split out the non-trust (Goodman Logistics HK) dividend component

Why this matters

Due to a data limitation, Sharesight receives the full distribution per share for GMG and treats the entire amount as trust income. However, GMG distributions may include a Goodman Logistics (HK) Limited Dividend — a company dividend component that is not trust income and must be reported separately.

If your distribution includes a Goodman Logistics (HK) Limited Dividend component, you will need to manually split it out in Sharesight.

Example

Take the GMG distribution paid on 26 August 2025 — 15 cents per share, made up of:

  • 12.5 cents — Goodman Industrial Trust Distribution (trust income)
  • 2.5 cents — Goodman Logistics (HK) Limited Dividend (foreign dividend, non-trust)

Sharesight will automatically record 15 cents × your total quantity and treat the entire amount as trust income. You need to correct this by following the two steps below.

Step 1 — Manually add a dividend for the non-trust portion

Add a dividend for the Goodman Logistics (HK) Limited Dividend component:

  • Amount: 2.5 cents × quantity held on the ex-date
  • Type: Unfranked (foreign dividend)
  • Tax settings: Untick Trust income — this is a foreign company dividend, not trust income

Save the dividend once entered.

Step 2 — Edit the automatic trust distribution

Find the trust distribution Sharesight automatically recorded and edit it to reflect only the trust income portion:

  • Updated amount: 12.5 cents × quantity held on the ex-date

Save the updated distribution.

This ensures your Taxable Income Report correctly separates the foreign dividend from trust income.


2. Enter AMIT components from your Annual Tax Statement

About your individual distribution statements

Throughout the year, when GMG pays a distribution, Sharesight will show a breakdown of tax components under the Goodman Industrial Trust distribution. These figures are indicative only — they are estimates provided at the time of each distribution and are not final. You do not need to manually adjust these during the year.

The only time you need to act is when you receive the Annual Tax Statement from Goodman Group after 30 June. This statement contains the finalised tax components for the full financial year, which you will then enter into Sharesight.

Does Sharesight automatically update Goodman Group AMIT components?

Currently, Sharesight does not automatically update AMIT tax components for Goodman Group. You will need to manually enter the components from your Annual Tax Statement each year after 30 June.

Follow the steps in Australian AMIT tax components to enter the components into Sharesight's Taxable Income Report.

Sharesight does not provide taxation advice. If you have any questions about your tax position, we recommend you contact your accountant or tax advisor.

Last updated 10th April 2026