Deemed payments
An attribution CCIV sub-fund trust that is a withholding MIT may be treated as having made deemed payments to members in respect of an income year. Where some or all of a deemed payment is either a fund payment or an AMIT dividend, interest and royalty (DIR) payment, the trustee of the AMIT may need to pay an amount to the Commissioner.
Total deemed AMIT DIR payments
Write the total amount of the deemed payments (in respect of the income year) that are an AMIT DIR payment and in relation to which the trustee is required to pay an amount to the Commissioner under section 12A-215 of Schedule 1 to the TAA (as determined by paragraph 12A-215(2)(b)).
Don't include any part of a deemed payment for which the trustee is not required to pay an amount to the Commissioner.
If the trustee is not required to pay any amount to the Commissioner under section 12A-215 in respect of that part of the deemed payment that is an AMIT DIR payment, write zero (0).
A deemed payment will not arise if the CCIV sub-fund trust, as a deemed AMIT, is not a 'withholding MIT' (section 12-383 of Schedule 1 to the TAA).
Total deemed fund payments
Write the total amount of the deemed payments in respect of the income year that are a fund payment and in relation to which the trustee is required to pay an amount to the Commissioner under section 12A-215 of Schedule 1 to the TAA (as determined by paragraph 12A-215(2)(a)).
Don't include any part of a deemed payment for which the trustee is not required to pay an amount to the Commissioner.
If the trustee is not required to pay any amount to the Commissioner under section 12A-215 in respect of that part of the deemed payment that is a fund payment, write zero (0).
A deemed payment will not arise if the CCIV sub-fund trust, as a deemed AMIT, is not a 'withholding MIT' (section 12-383 of Schedule 1 to the TAA).
Continue to: Debt-like trust instruments – Subdivision 276-J
Return to: Instructions to complete the attribution CCIV sub-fund tax return 2024