Loading
Wifi59722(Newbie)Newbie
8 Nov 2025

Hi everyone, hoping someone here has dealt with this before.


I held units in the same ETF simultaneously through two different brokers: Broker A and Broker B.

Both holdings were managed separately, and I fully reconciled all trades, distributions, and AMMA statements up to FY2025.


In October 2025 (FY2026), after one distribution had already been paid for the units held with Broker A, I completed a CHESS in-specie transfer of all those units from Broker A to Broker B.

After that date, I no longer held any units with Broker A, and all units were consolidated under Broker B.


For tax purposes, I am unsure how to apply the AMIT cost-base net amounts during this transitional year.


Specifically:

  • The Broker A AMMA statement will cover a partial-year period for units held before the October 2025 transfer.
  • The Broker B AMMA statement will likely cover the full year, including both the units originally held with Broker B and the units transferred from Broker A.
  • I am not sure whether each AMMA statement’s cost-base adjustments must be applied only to the parcels that received those distributions, or whether the annual net amount can be applied once to the combined holding at 30 June 2026.


185 views
5 replies
185 views
5 replies

All replies

MPrivate(Superuser)Superuser
8 Nov 2025

Hi,

you should be able to tell when you actually get the annual 2026 tax statements. They will show the cash distributed amount as well and this should be the way for you to reconcile.

So if all distributions for 2026 year are included on the statement under B HIN then you should be able to use just that one.

This should be clear if you hold the same number of units the entire time and don't buy sell during 2026.

Wifi59722(Newbie)Newbie
10 Nov 2025

I purchased units under A and B HIN in FY2026 and the Oct 2025 distribution occurred while units were held under A and B HINs. Hence the complexity.


I am also unsure if the ETF will provide separate AMMA statements for A & B HINs.

NikkiATO(Community Moderator)Community Moderator
11 Nov 2025

Hi @Wifi59722,


Your situation involves additional complexity due to the distribution timing and the handling of units under two different HINs. Because of this, it might be best to reach out directly to the ETF provider for clarification on whether they will provide separate AMMA statements for each HIN.

 

They should be able to confirm how the AMMA statements will be issued and whether they will differentiate between the units held under each HIN.

Liked by Wifi59722
Wifi59722(Newbie)Newbie
12 Nov 2025

To confirm my understanding: cost-base adjustments must be applied only to the parcels that received those distributions. Therefore, I require the ETF provider to issue AMMA statements for each HIN in order to properly allocate the adjustments.


Thank you.

NikkiATO(Community Moderator)Community Moderator
13 Nov 2025

Hi @Wifi59722,


Your understanding is correct. Cost base adjustments apply on a per-unit basis, and this per-unit adjustment is then applied to each parcel of units you own.


For your situation with units held under different HINs, it's best to contact the ETF provider directly. They can clarify whether they'll provide separate AMMA statements for each HIN and confirm how the AMMA statements will be issued to differentiate between the units held under each HIN.


The AMMA statement provides the AMIT cost base net amount you need for your end-of-year cost base calculation.

Liked by Wifi59722

Featured articles

How to work out your tax residency

15 Apr 2026 · 8 min read time

Crypto and your taxes

4 Dec 2023 · 9 min read time

Top liked users

  1. Taxduck

    (Taxicorn)

    1288 likes

  2. Bruce4Tax

    (Taxicorn)

    1117 likes

  3. YellowPotato

    (Taxicorn)

    340 likes

  4. Ken_Oath

    (Master)

    199 likes

  5. knaresbro

    (Devotee)

    141 likes

Top contributors

  1. Bruce4Tax

    (Taxicorn)

    3397contributions

  2. Taxduck

    (Taxicorn)

    2829contributions

  3. YellowPotato

    (Taxicorn)

    903contributions

  4. knaresbro

    (Devotee)

    295contributions

  5. TobyJDodd

    (Devotee)

    176contributions

Loading
AMIT cost-base adjustments after CHESS transfer between brokers | ATO Community