If at Overseas transactions/thin capitalisation on the AMIT tax return, you:
- answered Yes at either of the questions about overseas transactions or thin capitalisation, or
- included an amount for overseas interest or royalty expenses
you must lodge an International dealings schedule 2018 (NAT 73345).
See also:
Lodging the IDS for separate AMIT classes
Lodge only one IDS for the AMIT, including where you have made an election to treat classes as separate AMITs ('elective multi-class AMITs').
You must complete the IDS on an aggregated basis for the trust as a whole, including where you have elected to treat each class of the trust as a separate AMIT ('elective multi-class AMITs').
The information requested in the IDS is for information-gathering purposes only. The information you provide is not indicative of any interpretive position of the trustee or the Commissioner regarding the application of the tax laws to elective multi-class AMITs. Trustees or advisers of elective multi-class AMITs can contact the ATO to discuss the application of these laws in their particular circumstances.