Tax / Capital Gains statements

What if I sold units during the year?

If you disposed of any units during the year, you will not receive a CGT statement and CGT guide by default. If you would like to receive a CGT statement, please contact our Client Services team.

What information can help me with my tax return?

The Australian Taxation Office (ATO) has a helpline for personal tax enquiries, which is 13 28 61. In addition, the ATO has a number of publications which will help you to understand your obligations and complete your return:

These publications are available from www.ato.gov.au or by calling the ATO on 1300 720 092.

What is a distribution?
A distribution from a managed fund represents your share of the income earned by a fund. Each fund may earn different types of income, for example dividends, interest and capital gains. Additionally, the income may be Australian sourced or foreign sourced. The funds are structured as a unit trust which means the type of income earned by the trust generally retains its character when paid to you as a distribution. The components required to complete your tax return are shown in Part A of your annual taxation statement. The components of the distributions you received are detailed in Part B of your annual taxation statement.
What are tax-deferred amounts?

Your distributions may include a tax-deferred component. Any such component is detailed in Part B of your annual taxation statement, under “other non-assessable amounts”. The tax-deferred component generally arises from capital allowances and depreciation amounts received by a fund from listed property trusts. The tax-deferred component is not included in your tax return for the year. However, the amount received reduces the cost base of your units in the fund, meaning that the amount is assessed as part of the capital gain in the year in which the total tax-deferred amounts received exceed the cost base of your units, or reduces the capital loss when you eventually sell your units.

Why are the discount capital gains and capital gains CGT concession and discount capital gain amount not equal?
The funds are eligible for the 50 percent CGT concession on the disposal of shares or units that have been held for at least 12 months. It could therefore be expected that the amount of discount capital gain and the CGT concession amount would be equal. However, from time to time, the funds receive distributions from listed property trusts where the amount of discount capital gains and the CGT concession amounts are not equal. As the components received by the fund retain their character when they are distributed to you (see “What is a distribution” above), this can result in the discount capital gain and CGT concession amount being unequal.
When do I receive a management fee rebate?

You will receive a management fee rebate when the management fee applicable on your investment is lower than the management fee that has been charged to the fund. The management fee rebate will be credited to you as a reinvestment in additional units. If you have withdrawn from the fund it will be paid to you.

Please note, the amount shown in your annual tax statement represents only those management fee rebates that have been credited to you via a reinvestment in additional units.

For total management fee rebates credited to you please refer to the separate management fee rebate statement that has been provided to you upon the management fee rebate being credited.

We recommend you see your tax adviser to determine whether this amount is assessable.

Can I use myTax?

The ATO allows you to prepare and lodge your tax return online using MyTax which is available from www.ato.gov.au. The information provided in Part A of your annual taxation statement can be used to complete the worksheet in the section titled “Managed Funds” which is located in the “Income” section of MyTax.

You should carefully read the instructions applying to the “Managed Funds” section, as there are circumstances when this section should not be used.

What if I'm not an individual taxpayer?

The information provided in this guide assumes you are an Australian resident individual taxpayer. If your investments in the Vanguard funds are made through a trust, company or superannuation fund, you may need assistance from your accountant or tax adviser in the completion of your tax return.