Managed investment trusts – overview

A managed investment trust is a trust in which members of the public collectively invest in passive income activities

Outlines the requirements a trust must meet to qualify as an MIT.

An eligible MIT may elect into the attribution MIT (AMIT) regime.

MITs and AMITs must withhold income tax when making certain payments to a non-resident member.

Following a Board of Taxation recommendation, Division 6B of the ITAA 1936 was repealed.

The arm's length income rule removes the incentive to shift profits by engaging in non-arm’s length activity.

Under the new system for MITs, modifications were been made to the '20% tracing rule' in Division 6C of the ITAA 1936.

As a result of the 2016 amendments to Division 6C, some trusts cease to be taxed as corporate tax entities.

When a CGT Event E4 occurs and how it affects a unit holders' cost base and potential capital gains.

Application and transitional provisions that were put in place to allow for the changes not made at the commencement.

Our Law Companion Rulings describe how we will apply new laws once they are enacted

A summary of our compliance approach in 3 key areas affected by the new rules for MITs.

Learn about the tax risks we have identified for managed investment trusts (MITs).