AMMA statement or SDS example

The numerical amounts shown within the tables throughout Parts B and C are only intended to be a hypothetical example.

Tax return information for the year ended 30 June 2024

The information shown on this statement is also reported to the ATO:

• Part A – Your details
• Part B – Summary of 2024 tax return (supplementary section) items
• Part C – AMMA: Components of an attribution
• Part C – SDS: Components of a distribution

Part A – Your details

Table 1 - Part A – Your details example

Item	Your details
Your name	[Name]
You are recorded as being a	[Individual / Company / Partnership / Superannuation fund / Trustee / Custodian / Nominee]
Australian tax file number (TFN)	[Provided / Not Provided]
Country of residence at 30 June 2024	[Country]
Tax identification number (TIN) for country of residence	[Provided / Not Provided]

If any of the above is incorrect, update your details with your trustee.

Part B – Summary of 2024 tax return (supplementary section) items

If you use a tax agent to prepare your income tax return, advise them to rely on the information in this statement rather than information that may be displayed in the Online Services for Agents.

If you use myTax to prepare your income tax return, check the pre-filled amounts against this statement and correct them if necessary. Depending on your circumstances, you may also need to use the data in part C (for example, if you are required to perform additional calculations or if you are a non-resident individual).

If numerical amounts in the tables below are blank, they are nil amounts.

Table 1: Part B – Partnerships and trusts – Primary production example

Question	Amount	Label on tax return
Share of net income from trusts	$	13L
Other deductions relating to amounts shown at share of net income from trusts	$	13X

Table 2: Part B – Partnership and trusts – Non-primary production example

Question	Amount	Label on tax return
Share of net income from trusts, less capital gains, foreign income and franked distributions	$105	13U
Franked distributions from trusts	$100	13C
Other deductions relating to non-primary production income	$4	13Y

Table 3: Part B – Share of credits from income and tax offsets example

Question	Amount	Label on tax return
Share of credit for tax withheld where Australian business number not quoted	$	13P
Share of franking credit from franked dividends	$30	13Q
Share of credit for tax file number amounts withheld from interest, dividends and unit trust distributions	$	13R
Share of credit for tax paid by trustee	$	13S
Share of credit for foreign resident withholding amounts (excluding capital gains)	$25	13A
Share of National rental affordability scheme tax offset	$	13B
Early stage venture capital limited partnership: current year tax offset	$	T7K
Early stage investor: current year tax offset	$	T8L
Other refundable tax offsets: Exploration credits	$	T9P (code E)

Table 4: Part B – Capital gains example

Question	Amount	Label on tax return
Net capital gain (see Note 1a)	$155	18A
Total current year capital gains	$225	18H
Credit for foreign resident capital gains withholding amounts	$	18X

Table 5: Part B – Foreign entities example

Question	Amount	Label on tax return
Controlled foreign company (CFC) income	$	19K
Transferor trust income	$	19B

Table 6: Part B – Foreign source income and foreign assets or property example

Question	Amount	Label on tax return
Assessable foreign source income	$282	20E
Net foreign rent	$	20R
Other net foreign source income	$282	20M
Australian franking credits from a New Zealand franking company	$	20F
Foreign income tax offset (see Note 1)	$119	20O

Table 7: Part B – Other income example

Question	Amount	Label on tax return
Category 4 rebates	$	24V

Note 1: The FITO includes any FITO attached to foreign capital gains, as well as all other FITO amounts. The FITO attached to foreign capital gains will be proportionately reduced to the extent that capital losses have been applied to reduce the gross foreign capital gains but will not be reduced for the CGT discount applied to discountable foreign capital gains at the trust level. Table 4 - Part C provides a breakdown of any FITO amounts. In this example, the $119 FITO comprises 3 separate amounts being: a foreign tax offset 'applicable to discountable foreign capital gain' of $14, 'foreign tax offset applicable to other capital gains' $5, and 'foreign tax offset applicable to other income' $100.

To work out your foreign income tax offset (FITO) entitlement, see

• 20 Foreign source income and foreign assets or property 2024
• Guide to foreign income tax offset rules 2024.

Note 1a: Capital gains (both foreign and domestic) are reduced for any capital losses and/or the application of the CGT discount (where available) at the trust level.

Part C – AMMA: Components of an attribution

If numerical amounts in the tables below are blank, they are nil amounts. If the 'label on tax return' is blank in the tables below, you should consider whether a label is required when preparing the AMMA.

Table 1: Part C – Australian income example

Question	Cash distribution (see Note 2)	Tax paid or franking credit (grossed up)	Attribution	Label on tax return
Interest	$40	$	$40	–
Dividends	$60	$	$35	–
Dividends: unfranked amount declared to be conduit foreign income (CFI)	$60	$	$60	–
Dividends: unfranked amount not declared to be CFI	$	$	$	–
Dividends: less listed investment company (LIC) capital gain deduction	$	$	−$25	–
Other assessable Australian income (see Note 3)	$15	$	$15	–
NCMI – Non-primary production (see Note 4)	$15	$	$15	–
Excluded from NCMI – Non-primary production (see Note 4 )	$	$	$	–
Non-primary production income (A)	$130	$	$105	13U
NCMI – Primary production (see Note 5)	$	$	$	–
Excluded from NCMI – Primary production (see Note 5)	$	$	$	–
Primary production income (B)	$	$	$	13L
Dividends: franked amount (Franked distributions) (X)	$70	$30	$100	13C, 13Q

Table 2: Part C – Capital gains example

Capital gains	Cash distribution (see Note 2)	Foreign tax paid (see Note 6a)	Attribution	Label on tax return
Capital gains discount – Taxable Australian property (TAP)	$	$	$	–
Capital gains discount – Non-taxable Australian property (see Note 6)	$56	$14	$70	–
Capital gains other – Taxable Australian property	$65	$	$65	–
Capital gains other – Non-taxable Australian property	$15	$5	$20	–
NCMI capital gains (see Note 7)	$20	$	$20	–
Excluded from NCMI capital gains (see Note 7)	$10	$	$10	–
Net capital gain	$136	$19	$155	18A
AMIT CGT gross up amount	$	$	$70	–
Other capital gains distribution	$70	$	$	–
Total current year capital gains (C)	$206	$19	$225	18H, 20O

Table 3: Part C – Foreign income example

Foreign income	Cash distribution (see Note 2)	Foreign tax paid (see Note 6a) or franking credit	Attribution	Label on tax return
Other net foreign source income	$182	$100	$282	20M
Net foreign rent	$	$	$	20R
Assessable foreign source income	$182	$100	$282	20E, 20O
Australian franking credits from a New Zealand franking company	$	$	$	20F
CFC income	$	$	$	19K
Transferor trust income	$	$	$	19B
Total foreign income (D)	$182	$100	$282	–

Table 4: Part C – Tax offsets example

Tax offsets	Amount	Label on tax return
Foreign tax offset applicable to discountable capital gains (see Note 7a)	$14
Foreign tax offset applicable to other capital gains	$5
Foreign tax offset applicable to other income	$100
Foreign income tax offset (see Note 7b)	$119	20O
Franking credit tax offset	$30	13Q
Total tax offsets (E)	$149	–

Table 5: Part C – Other non-assessable amounts and cost base details example

Other non-assessable amounts	Cash distribution	Attribution amount	Other amount
Net exempt income	$	$	$
Non-assessable non-exempt amount (F) (see Note 8)	$25	$25	$
Other non-attributable amounts (see Note 9)	$	$	$
Gross cash distribution (G) (see Note 8)	$613	$	$613
AMIT cost base net amount – excess (decrease) (see Note 9)	$	$	$25
AMIT cost base net amount – shortfall (increase) (see Note 9)	$	$	–

Table 6: Part C– Other amounts deducted from trust distributions example

Other amounts deducted from trust distribution	Cash amount	Label on tax return
TFN amounts withheld	$	13R
Other expenses	−$4	13Y
Non-resident withholding tax	−$25	13A
Credit for foreign resident capital gains withholding amounts	$	18X
Other income Category 4: Rebates	$	24V
Net cash distribution	$584	–

Table 7: Part C – Reporting for the purposes of non-resident withholding tax and income tax example. Fields that may be included in tables 1 to 6 are also shown.

Non-resident reporting	Attribution amount	Tax paid	Label on tax return
Table 1 – Interest exempt from withholding	$	$	–
Table 6 – Non-resident withholding amount (see Note 10)	$40	$4	–
Table 6 – Non-resident member para 276-105(2)(a) or (b) assessable amount	$	$	–
Table 6 – Non-resident member para 276-105(2)(c) assessable amount	$	$	–
Table 6 – Managed investment trust fund payments (see Note 11)	$95	$21	–
Deemed payment – Dividend	$0	$	–
Deemed payment – Interest	$10	$1	–
Deemed payment – Royalties	$	$	–
Deemed payment – Fund payment	$	$	–

Note 2: The Cash distribution column in tables 1, 2 and 3 is shown because some investors have requested it. At table 5 trustees can either:

• disclose the cash distribution of each individual component
• choose to only disclose the total gross cash distribution.

Note 3: This may include management fees, rent and royalties. If royalties are present, you need to show them separately for the benefit of flow through entities which may have to distribute to non-residents. You can do this by having a line for 'royalties' and a line for 'other'.

Note 4: Amounts you show here, you must also show at question 13U Non-primary production income.

Note 5: Amounts you show here, you must also show at question 13L Primary production.

Note 6: Capital gains (both foreign and domestic) are reported as the net amount, reduced for any capital losses and/or CGT discount applied at the trust level.

Note 6a: The tax offset is available to non-residents only in circumstances where the foreign income distributed to the non-resident is included in their assessable income in Australia.

Note 7: The net capital gain amounts at 18A include the components of 'NCMI capital gains' and 'Excluded from NCMI capital gains' (shown for non-resident withholding tax purposes only). The NCMI amounts disclosed are informational only.

Note 7a: The foreign tax offset is adjusted for capital losses applied but is not reduced for the CGT discount applied to those foreign capital gains at the trust level.

Note 7b: Investors need to calculate their FITO under Division 770 of the ITAA 1997. Where a foreign capital gain is reduced for capital losses, the FITO reported in the AMMA statement will be reported as the original foreign tax gross-up amount (but not reduced for any CGT discount applied to those foreign capital gains at the trust level). To provide AMITs and their investors with the necessary information the trustee will provide a breakdown of the FITO amount reported in the AMMA statement across the following:

• foreign tax paid on discount capital gains
• foreign tax paid on other capital gains
• other foreign tax payments.

Note 8: (F) and (G) are used in the calculation of the AMIT cost base net amount – excess (decrease) or shortfall (increase) amount. See guidance Note 16 for more information.

Note 9: Other non-attributable amounts are cash distributions and other entitlements from an AMIT or attribution CCIV sub-fund trust that exceed the attribution amount, to the extent they are not already shown in other tables. For a non-AMIT, these broadly correspond to amounts that are categorised as, for example, tax deferred amounts (including returns of capital) and tax-free amounts (other than those amounts that are included in net exempt income). As these amounts comprise cash distributions by the AMIT or attribution CCIV sub-fund trust, they are reflected in the calculation of the AMIT or attribution CCIV sub-fund trust cost base net amount – excess (decrease) or shortfall (increase) shown in Table 5: Part C – Other non-assessable amounts and cost base details example. It doesn't include Other capital gains distributions which are shown in Table 2: Part C – Capital gains example.

Note 10: These are amounts related to payments of dividends, interest and royalties (DIR). If an amount shown here is resulting from income that is attributable to NCMI, a MIT withholding tax at a rate of 30% will apply.

Note 11: These are fund payment amounts. DIR amounts are excluded and are not shown here. Amounts withheld from NCMI or Excluded from NCMI are not shown here.

Part C – SDS: Components of a distribution

If numerical amounts in the tables below are blank, they are nil amounts. If the 'label on tax return' is blank in the tables below, you should consider whether a label is required when preparing the SDS.

Table 1: Part C – Australian income example

Australian income	Cash distribution	Tax paid or franking credit	Taxable amount	Label on tax return
Interest	$40	$	$40	–
Dividends	$60	$	$35	–
Dividends – unfranked amount declared to be CFI	$60	$	$60	–
Dividends – unfranked amount not declared to be CFI	$	$	$	–
Dividends – less LIC capital gain deduction	$	$	−$25	–
Other assessable Australian income – royalties	$15	$	$15	–
NCMI – Non-primary production (see Note 12)	$15	$	$15	–
Excluded from NCMI – Non-primary production (see Note 12)	$	$	$	–
Less other allowable trust deductions	$	$	$	–
Non-primary production income (A)	$130	$	$105	13U
NCMI – Primary production (see Note 13)	$	$	$	–
Excluded from NCMI – Primary Production (see Note 13)	$	$	$	–
Primary production Income (B)	$	$	$	13L
Dividends – Franked amount (Franked distributions) (X)	$70	$30	$100	13C,13Q

Table 2: Part C – Capital gains example

Capital gains	Cash distribution	Foreign tax paid (see Note 14a)	Taxable amount	Label on tax return
Capital gains discount – Taxable Australian property	$	$	$	–
Capital gains discount – Non-taxable Australian property (see Note 14)	$56	$14	$70	–
Capital gains other – Taxable Australian property	$65	$	$65	–
Capital gains other – Non-taxable Australian property	$15	$5	$20	–
NCMI capital gains (see Note 15)	$20	$	$20	–
Excluded from NCMI capital gains (see Note 15)	$10	$	$10	–
Net capital gain	$136	$19	$155	18A
CGT concession amount (see Note 16)	$70	$	$70	–
Total 2023–24 capital gains (C)	$206	$19	$225	18H, 20O

Table 3: Part C – Foreign income example

Foreign income	Cash distribution	Foreign tax paid (See Note 14a)	Taxable amount	Label on tax return
Other net foreign source income	$182	$100	$282	20M
Net foreign rent	$	$	$	20R
Assessable foreign source income	$182	$100	$282	20E, 20O
Australian franking credits from a New Zealand franking company	$	$	$	20F
CFC income	$	$	$	19K
Transferor trust income	$	$	$	19B
Total foreign income (D)	$182	$100	$282	–

Table 4: Part C – Tax offsets example

Tax offsets	Amount	Label on tax return
Foreign tax offset applicable to discountable capital gains (see Note 16b)	$14
Foreign tax offset applicable to other capital gains	$5
Foreign tax offset applicable to other income	$100
Foreign income tax offset (see Note 16c)	$119	20O
Franking credit tax offset	$30	13Q
Total tax offsets (E)	$149	–

Table 5: Part C – Other non-assessable amounts example

Other non-assessable amounts	Cash distribution	Amount	Label on tax return
Net exempt income	$	$	–
Non-assessable non-exempt amount	$25	$25	–
Tax free amounts	$	$	–
Tax deferred amounts	$	$	–
Gross cash distribution	$613	–	–

Table 6: Part C – Other amounts deducted from trust distributions example

Other amounts deducted from trust distribution	Cash distribution	Label on tax return
TFN amounts withheld	$	13R
Other expenses	−$4	13Y
Non-resident withholding tax	-$25	13A
Credit for foreign resident capital gains withholding amounts	$	18X
Other income Category 4: Rebates	$	24V
Net cash distribution	$584	–

Table 7: Part C – Reporting for the purposes of non-resident withholding tax and income tax example. Fields that may be included in tables 1 to 6 are also shown

Non-resident reporting	Cash distribution	Tax paid	Taxable amount	Label on tax return
Table 1 – Interest exempt from withholding	$	$	$	–
Table 6 – Non-resident withholding amount (see Note 17)	$40	$4	$	–
Table 6 – Non-resident beneficiary ss 98(3) assessable amounts	$	$	$	–
Table 6 – Non-resident beneficiary ss 98(4) assessable amounts	$	$	$	–
Table 6 – Managed investment trust fund payments (see Note 18 )	$95	$21	$	–

Note 12: Amounts you show here, you must also show at question 13U Non-primary production income.

Note 13: Amounts you show here, you must also show at question 13L Primary production.

Note 14: Capital gains (both foreign and domestic) are reported as the net amount, reduced for any capital losses and/or CGT discount applied at the trust level.

Note 14a: The tax offset is available to non-residents only in circumstances where the foreign income distributed to the non-resident is included in their assessable income in Australia.

Note 15: The net capital gain amounts at item 18A include the components of 'NCMI capital gains' and 'Excluded from NCMI capital gains' (shown for non-resident withholding tax purposes only). The NCMI amounts disclosed are informational only.

Note 16: To provide MITs and their investors with the necessary information to determine the amount of CGT event E4 cost base adjustments, Division 6 trusts may need to separately identify amounts excluded under table item 7 in subsection 104-71(4) of the ITAA 1997.

Note 16b: The foreign tax offset is adjusted for capital losses applied but is not reduced for the CGT discount applied to those foreign capital gains at the trust level.

Note 16c: Investors need to calculate their FITO under Division 770 of the ITAA 1997. Where a foreign capital gain is reduced for capital losses, the FITO reported in the SDS will be reported as the original foreign tax gross-up amount (but not reduced for any CGT discount applied to those foreign capital gains at the trust level). To provide MITs and their investors with the necessary information the trustee will provide a breakdown of the FITO amount reported in the SDS across the following:

• foreign tax paid on discount capital gains
• foreign tax paid on other capital gains
• other foreign tax payments.

Note 17: These are amounts related to payments of dividends, interest and royalties (DIR). If an amount shown here is resulting from income that is attributable to NCMI, a MIT withholding tax at a rate of 30% will apply.

Note 18: These are fund payment amounts. DIR amounts are excluded and are not shown here. Amounts withheld from NCMI or Excluded from NCMI are not shown here.

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