How to make a capital account election
The trustee of a CCIV sub-fund trust makes a capital account election by answering Yes to the following question on the Attribution CCIV sub-fund tax return.
Has the CCIV sub-fund elected into managed investment trust capital account treatment?
If you make an election for capital treatment, answer Yes to this question. Otherwise, answer No.
The election must be made on or before either:
- the day the CCIV sub-fund trust is required to lodge its tax return for the income year in which it became a deemed AMIT
- if the Commissioner allows a later day, that later date.
You must make the election in relation to the first year the trust qualifies as an AMIT, and it is irrevocable as long as the CCIV sub-fund trust remains eligible.
Continue to: Stapled entities, cross-investment and payments from related entities
Return to: Instructions to complete the attribution CCIV sub-fund tax return 2024