If you receive a non-assessable payment from a trust, CGT event E4 may occur and you may need to make cost base adjustments to your units or trust interest.
If the sum of the amounts of the non-assessable payments received in the income year in respect of the unit or interest is more than its cost base, you will make a capital gain equal to the excess amount and the cost base of the unit or interest are reduced to nil.
Where you receive a payment from a MIT, special rules modify the calculation of the non-assessable part. As a result, any capital loss reflected in the payment is not excluded from the non-assessable part of the payment.
CGT event E4 does not apply to an interest in an AMIT. However, CGT event E10 may apply.