u/Lucky-Pandas

Anyone here hold ASX:FANG?

I lodged my 2025/26 tax return through my accountant before receiving the FANG AMMA statement. It shows a large amount at 18H for capital gains, even though I didn’t sell any units, so I may need to amend my return.

I also received cash distribution/dividend on 16 July 2026. Is that payment related to the capital gains reported at 18H from the AMMA I just received? If I pay tax on those gains in 2025–26, does that mean some or all of the July distribution won’t be taxed again in FY26-27?

The statement also has an AMIT cost-base adjustment. Did you update the cost base of your FANG units using that amount, and how did you record it? Are there any paper record I’ll need to keep for tax/audit purposes?

Interested to hear how other FANG holders handled this. And whether IVV and VGS has similar issues.

I have a concentrated AI growth portfolio by design. As inflation picking up again, any tips on how you rebalanced your portfolio or what adjustments you have planned to execute in near term? I wonder if I should liquidate 20% or so to build up dry power.