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Experts warn ETF investors of ‘painful’ tax mistake

Lucy Dean

Experts are warning first-time investors they need to declare capital gains and losses this tax season even if they are enrolled in a dividend reinvestment plan in an exchange-traded fund (ETF).

The domestic ETF industry is worth $130 billion, as investors funnel billions of dollars into the investment products, with fund manager BetaShares estimating 2 million Australians will hold ETFs by the end of 2022.

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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com

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    Original URL: https://www.afr.com/wealth/investing/experts-warn-etf-investors-of-painful-tax-mistake-20220627-p5ax0m