The Short Answer
ETF tax statements (like AMMA statements) report fund-level capital gains and losses. Navexa tracks your personal trading activity. Both are required for accurate tax reporting, and they cover different things.
ETF-Level vs Personal-Level
When you invest in an ETF such as STW (ASX 200 ETF):
The ETF fund itself buys and sells shares inside the trust. Any capital gains or losses from those activities are passed through to you on the annual ETF tax statement. These are trust-level gains/losses. The ATO requires you to include them in your tax return.
Separately, you as an investor might buy and sell units of the ETF on the market. Those are your personal capital gains and losses. Navexa tracks these CGT events by recording your buy and sell trades, cost bases, and realised gains/losses.
Example Scenario
You buy 200 units of STW at $100 each ($20,000).
During the year, the STW fund sells some shares in the portfolio and realises a $500 capital gain. This is reported to you on the ETF’s AMMA statement (fund-level).
You then sell 100 of your STW units at $90. That is a $1,000 personal capital loss. Navexa records this because it comes from your own trade.
This illustrates how both fund-level activity (from the ETF statement) and your personal trades (tracked in Navexa) can both be relevant when preparing a tax return.
Where It Shows in Navexa
ETF tax components (like capital gains distributions) appear under Income in your holding, and flow through to the Taxable Income Report.
Your buy/sell trades generate CGT events, which appear in the Capital Gains Tax Report.
Why Navexa Is Still Essential
Your ETF statement only covers that single ETF’s fund-level activity. Navexa ties together all of your investments, across brokers and asset classes, so you have:
Accurate cost bases and realised gains/losses for your trades.
Visibility of unrealised gains/losses.
Consolidation of all ETF, stock, crypto, and other investments in one tax-ready report.
Accountants use both the ETF statement and your personal trading data to prepare your return. Navexa ensures your personal side of the equation is complete.
Disclaimer: This article is for general information only and does not constitute financial or tax advice. Always confirm your reporting obligations with your accountant or tax adviser.