Instructions to complete the trust information in the tax return.
Tax file number (TFN)
Enter the TFN of the AMIT.
Name of trust
The AMIT name should be consistent from year to year.
Supplying a name that is not consistent with what the ATO has recorded will delay the assessment of the AMIT return. The AMIT return should not be used for updating trust details. If the AMIT name is legally changed, you must advise us by updating your details at the time the change is made.
Australian business number (ABN)
Enter the ABN of the AMIT if the AMIT is registered on the Australian Business Register.
Additional AMIT details
Enter on the AMIT tax return the following:
- previous name of trust
- current postal address
- postal address on previous tax return.
C/– is the preferred format for ‘care of’.
Full name of the trustee to whom notices should be sent
If the trustee is an individual, enter the surname and given names of the trustee to whom notices should be sent.
If the trustee is a company, enter the name and ABN of the company.
Daytime contact phone number
Provide a phone number that the trustee can be contacted on during business hours.
Is any tax payable by the trustee?
Under the AMIT regime, the members, not the trustee, are generally taxed on amounts of an assessable income character attributed to them and entitled to credits from attributed tax offset amounts.
However, there are situations where tax may also be payable by the trustee, typically in respect of amounts of an income character that have been under-attributed to members, or amounts of a tax offset character that have been over-attributed to members.
If the trustee is liable to pay tax in respect of any trustee liabilities, answer Yes at this question even if payments have been made in advance.
Schedule A – Additional information
If these instructions ask you to provide additional information, enter it in the text box at Schedule A – Additional information. Include a heading indicating the question or item the information relates to.
Keep any other schedules or documents with the AMIT’s tax records, see Record-keeping requirements.
Continue to: Trustee liabilities