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Annual Tax Statement Components

Annual Tax Statement Components

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At the end of the financial year, your fund manager will issue an Annual Tax Statement (also known as an AMMA or SDS statement). This statement breaks down your yearly income into various tax components such as Capital Gains and Foreign Income. Use this form to enter those totals so Sharesight can automatically attribute them to the correct tax year.

Do you have trust income?

Trust income is income received from an investment structured as a trust. Unlike dividends from shares, trust distributions "pass through" multiple tax components — such as capital gains, foreign income, and cost base adjustments — that you must report separately to the ATO.

You likely have trust income if you hold:

  • ETFs (Exchange Traded Funds): Almost all ASX-listed ETFs (e.g., Vanguard, BetaShares).
  • Managed Funds: Both unlisted funds and "Active ETFs" (e.g., Loftus Peak).
  • Stapled Securities: Investments that bundle a trust and a company together (e.g., Goodman Group, Scentre Group, Transurban).
  • Unit Trusts: Property or infrastructure trusts.

You do NOT have trust income if you hold:

  • Individual Shares: Companies like CBA, BHP, or Woolworths.
  • LICs (Listed Investment Companies): While they look like ETFs, companies like AFIC (AFI) or Argo (ARG) are legally companies. They pay dividends, not trust distributions, and do not require you to enter annual tax components.

The Rule of Thumb: If you receive an Annual Tax Statement (often called an AMMA or SDS statement) at the end of the year, you have trust income and need to complete this process.

What type of trust investment do you hold?

How the process works (ETFs)

During the year

ETFs typically pay distributions 3–4 times per year. For each distribution, Sharesight automatically populates estimated tax components — a breakdown of income, capital gains, foreign income, etc.

This applies to supported providers only (see Is your ETF auto-updated? below). Managed fund-type ETFs such as Loftus Peak (LPGD) are not included — see Managed funds AMIT guide instead.

At the end of financial year

After 30 June, a finalised Annual Tax Statement is issued. What happens next depends on two things: how you hold your ETF, and whether Sharesight auto-updates your provider.

Running the Taxable Income Report:

1 – From any page click on the 'Tax' tab.

Tax tab

2 – Click the 'Taxable Income Report' tile.

3 – From the dropdown calendar, select the date range you would like to run the report in.

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4 – Click 'advanced options' to choose to:

Show Comments - display any comments associated with a dividend or distribution.

Show holding totals - displays dividend or distribution totals across all payouts for a single investment. This is particularly useful for reconciling your Sharesight distribution data with the annual taxation statement you receive at the end of the tax year for each ETF, Managed Fund, or Unit Trust you own. This option needs to be selected to use the Trust pro rata distributions components form.

TIR7

5 – Click 'Apply'.

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Disclaimer: Sharesight does not provide taxation advice and the reports do not constitute personal taxation advice. If you have any questions about your tax position we recommend you contact your accountant or tax advisor. You remain solely responsible for complying with all applicable accounting, tax and other laws.

Additional Resources, watch the using Sharesight to complete your tax return webinar recorded 24 June 2020. Learn how to use Sharesight to make completing your tax return quicker, easier and more accurate by Ben Clendon, Sharesight Product Manager.

For step-by-step instructions on entering your Annual Tax Statement components, see the dedicated guide for your investment type — starting with ETFs in Sharesight.

Last updated 10th April 2026

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