Business
How ETFs can be a nightmare at tax time – Motley Fool Australia
These shares are popular with retail investors, but experts caution the tax man won’t treat them the same way as company shares.
Investors have been warned that possessing shares in exchange-traded funds (ETFs) is treated differently to owning “normal” shares in a company.
ETFs have become very popular in Australia and around the world as a way mum-and-dad investors can hold a diversified portfolio without making the stock picking decisions themselves.
CPA Australia tax policy adviser Elinor Kasapidis told The Motley Fool that holding ETF shares might feel the same as company shares, but the tax office won’t see it that…
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