Lodging the AMIT tax return
You must lodge the Attribution Managed Investment Trust tax return 2024 electronically using Standard Business Reporting (SBR)-enabled software.
By lodging the AMIT tax return and related schedules, you are taken to have made the irrevocable choice to be an attribution managed investment trust (AMIT).
If you are not intending to make this choice or fail the criteria to be an AMIT for an income year, you must complete a Trust tax return 2024 or other return as appropriate for your circumstances.
If you lodge your tax return without all the required schedules, we may not consider it to have been lodged in the approved form. If you don't lodge your tax return and all schedules by the due date, you may be charged a penalty for failing to lodge on time.
Lodgment requirements
For AMITs with an income year ending on 30 June, the AMIT tax return must be lodged on or before 31 October. The Commissioner may allow later lodgment dates in certain circumstances, see Due dates for lodging and paying.
If an AMIT has derived income, irrespective of the amount of income derived, an AMIT will have to lodge a return unless exempted by the Commissioner.
Trustees of trusts that are trading trusts within the meaning of Division 6C of the ITAA 1936 (or that otherwise carry on or control a trading business within the meaning of Division 6C) don't qualify to be an AMIT and don't complete this tax return. Trustees of such trusts must lodge a trust tax return or, if they satisfy the conditions in Section 102P of the ITAA 1936 (public unit trusts) and are a public trading trust for the purposes of Division 6C, a company tax return.
Ceasing to be an AMIT
A trust that was an AMIT for an income year but is not eligible to be an AMIT in a later income year:
- does not lodge an AMIT tax return for that later income year
- must lodge a trust tax return or if Division 6C applies, a company tax return
- may be required to lodge an AMIT tax schedule with the trust return.
Find out more about your lodgment requirements if you Cease to be an AMIT.
You may also need to complete Schedule A – Additional information or another Schedule.
Lodging schedules with the AMIT return
The following schedules can be lodged with the AMIT tax return:
- Attribution managed investment trust (AMIT) tax schedule (lodgment of at least one AMIT tax schedule is mandatory for every AMIT each year)
- Capital gains tax schedule
- International dealings schedule
- Rental property schedule
- Non-individual PAYG payment summary schedule.
Don't lodge other schedules with the AMIT's tax return unless instructed. Keep any other schedules or documents with the AMIT’s tax records.
Paying your tax debt
We offer you a range of convenient payment options, both in Australia and overseas.
For more information, see How to pay.
Your payment needs to reach us on or before its due date. Check your financial institution’s processing deadlines to avoid making a late payment.
Continue to: Schedules for AMITs
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