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  • AMMA statement or SDS

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    2020 tax return information for the year ended 30 June 2020

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

    Part A: Your details

    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 2020

    [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 2020 tax return (supplementary section) items

    The 'labels' at items on the tax return, to which we refer in these instructions, are the white letters inside coloured boxes on the Tax return for individuals (supplementary section) 2020. 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 tax agent's pre-filling service. 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 particular 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).

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

    Item

    Amount

    Tax return label

    Share of net income from trusts

    $

    13L

    Other deductions relating to amounts shown at share of net income from trusts

    $

    13X

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

    Item

    Amount

    Tax return label

    Share of net income from trusts, less net 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

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

    Item

    Amount

    Tax return label

    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)

    $

    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

    $

    T10
    (code E)

    Part B – Table 4 – Capital gains

    Item

    Amount

    Tax return label

    Net capital gain

    $155

    18A

    Total current year capital gains

    $225

    18H

    Credit for foreign resident capital gains withholding amounts

    $

    18X

    Part B – Table 5 – Foreign entities

    Item

    Amount

    Tax return label

    CFC income

    $

    19K

    Transferor trust income

    $

    19B

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

    Item

    Amount

    Tax return label

    Assessable foreign source income

    $220

    20E

    Net foreign rent

    $

    20R

    Other net foreign source income

    $220

    20M

    Australian franking credits from a New Zealand franking company

    $

    20F

    Foreign income tax offset (see Note 1)

    $38

    20O

    Part B – Table 7 – Other income

    Item

    Amount

    Tax return label

    Category 4 rebates

    $

    24V

    Note 1 – To work out your foreign income tax offset (FITO) entitlement, see 20 Foreign source income and foreign assets or property or Guide to foreign income tax offset rules 2020.

    Part C AMMA: Components of an attribution

    Part C – Table 1 – Australian income

    Item

    Cash distribution (see Note 2)

    Tax paid or Franking credit (grossed up)

    Attribution

    Tax return label

    Interest

    $30

    $

    $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 (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)

    $120

    $

    $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

    Part C – Table 2 – Capital gains

    Capital gains

    Cash distribution (see Note 2)

    Foreign tax paid (see Note 6)

    Attribution

    Tax return label

    Capital gains discount – Taxable Australian property

    $70

    $

    $70

    -

    Capital gains discount – Non-taxable Australian property

    $

    $

    $

    -

    Capital gains other – Taxable Australian property

    $85

    $

    $85

    -

    Capital gains other – Non-taxable Australian property

    $

    $

    $

    -

    NCMI capital gains (see Note 7)

    $30

    $

    $

    -

    Excluded from NCMI capital gains (see Note 7)

    $

    $

    $

    -

    Net capital gain

    $155

    $

    $155

    18A

    AMIT CGT gross up amount

    $

    $

    $70

    -

    Other capital gains distribution

    $70

    $

    $

    -

    Total current year capital gains (C)

    $225

    $

    $225

    18H

    Part C – Table 3 – Foreign income

    Foreign income

    Cash distribution (see Note 2)

    Foreign tax paid (see Note 6) or Franking credit

    Attribution

    Tax return label

    Other net foreign source income

    $182

    $38

    $220

    20M/20O

    Net foreign rent

    $

    $

    $

    20R

    Assessable foreign source income

    $182

    $38

    $220

    20E

    Australian franking credits from a New Zealand franking company

    $

    $

    $

    20F

    CFC income

    $

    $

    $

    19K

    Transferor trust income

    $

    $

    $

    19B

    Total foreign income (D)

    $182

    $38

    $220

    -

    Part C – Table 4 – Tax offsets

    Tax offsets

    Amount

    Tax return label

    Franking credit tax offset

    $30

    13Q

    Foreign income tax offset

    $38

    20O

    Total tax offsets (E)

    $68

    -

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

    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)

    $622

    $

    $622

    AMIT cost base net amount – excess (decrease) (see Note 9)

    $

    $

    $15

    AMIT cost base net amount – shortfall (increase) (see Note 9)

    $

    $

    -

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

    Other amounts deducted from trust distribution

    Cash amount

    Tax return label

    TFN amounts withheld

    $

    13R

    Other expenses

    −$4

    13Y

    Credit for foreign resident capital gains withholding amounts

    $

    18X

    Other income Category 4: Rebates

    $

    24V

    Net cash distribution

    $618

    -

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

    Non-resident reporting

    Attribution/Amount

    Tax paid

    Tax return label

    Table 1 – Interest exempt from withholding

    $

    $

    -

    Table 6 – Non-resident withholding amount (see Note 10)

    $55

    $9

    -

    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)

    $240

    $36

    -

    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, or
    • 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 to 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 shown at these labels must be shown at 13U Non-primary production income.

    Note 5 – Amounts shown at these labels must be shown at 13L Primary production.

    Note 6 – 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.

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

    Note 9 – Other non-attributable amounts are cash distributions and other entitlements from an AMIT 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, they are reflected in the calculation of the AMIT cost base net amount – excess (decrease) or shortfall (increase) shown in table 5. It does not include Other capital gains distributions which are shown in table 2.

    Note 10 – MIT withholding tax at a rate of 30% applies to fund payments that are attributable to NCMI.

    Note 11 – Amounts withheld from NCMI or Excluded from NCMI are not shown here.

    Part C SDS: Components of a distribution

    Part C – Table 1: Australian income

    Australian income

    Cash distribution

    Tax paid or franking credit

    Taxable amount

    Tax return label

    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)

    $120

    $

    $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

    Part C – Table 2 – Capital gains

    Capital gains

    Cash distribution

    Foreign tax paid (see Note 14)

    Taxable amount

    Tax return label

    Capital gains discount – Taxable Australian property

    $70

    $

    $70

    -

    Capital gains discount – Non-taxable Australian property

    $

    $

    $

    -

    Capital gains other – Taxable Australian property

    $85

    $

    $85

    -

    Capital gains other – Non-taxable Australian property

    $

    $

    $

    -

    NCMI capital gains (see Note 16)

    $

    $

    $

    -

    Excluded from NCMI capital gains (see Note 16)

    $

    $

    $

    -

    Net capital gain

    $155

    $

    $155

    18A

    CGT concession amount (see Note 15)

    $70

    $

    $0

    -

    Total current year capital gains (C)

    $225

    $

    $225

    18H

    Part C – Table 3 – Foreign income

    Foreign income

    Cash distribution

    Foreign tax paid*

    Taxable amount

    Tax return label

    Other net foreign source income

    $182

    $38

    $220

    20M/20O

    Net foreign rent

    $

    $

    $

    20R

    Assessable foreign source income

    $182

    $38

    $220

    20E

    Australian franking credits from a New Zealand franking company

    $

    $

    $

    20F

    CFC income

    $

    $

    $

    19K

    Transferor trust income

    $

    $

    $

    19B

    Total foreign income (D)

    $182

    $38

    $220

    -

    Part C – Table 4 – Tax offsets

    Tax offsets

    Amount

    Tax return label

    Franking credit tax offset

    $30

    13Q

    Foreign income tax offset

    $38

    20O

    Total tax offsets (E)

    $68

    -

    Part C – Table 5 – Other non-assessable amounts

    Other non-assessable amounts

    Cash distribution

    Amount

    Tax return label

    Net exempt income

    $

    $

    -

    Non-assessable non-exempt amount

    $25

    -

    -

    Tax free amounts

    $

    $

    -

    Tax deferred amounts

    $15

    -

    -

    Gross cash distribution

    $647

    -

    -

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

    Other amounts deducted from trust distribution

    Cash distribution

    Tax return label

    TFN amounts withheld

    $

    13R

    Other expenses

    −$4

    13Y

    Credit for foreign resident capital gains withholding amounts

    $

    18X

    Other income Category 4: Rebates

    $

    24V

    Net cash distribution

    $643

    -

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

    Non-resident reporting

    Cash distribution

    Tax paid

    Taxable amount

    Tax return label

    Table 1 – Interest exempt from withholding

    $

    $

    $

    -

    Table 6 – Non-resident withholding amount (see Note 17)

    $55

    $9

    $

    -

    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)

    $240

    $36

    $

    -

    Note 12 – Amounts shown at these labels must be shown at 13U Non-primary production income.

    Note 13 – Amounts shown at these labels must also be shown at 13L Primary production.

    Note 14 – 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 – 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 16 – The net capital gain amounts at 18A include the components of NCMI capital gains and Excluded from NCMI capital gains.

    Note 17 – MIT withholding tax at a rate of 30% applies to fund payments that are attributable to NCMI.

    Note 18 – Amounts withheld from NCMI or Excluded from NCMI are not shown here.

    Last modified: 25 Jun 2020QC 62634