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  • International dealings schedule (IDS)

    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

    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.

      Last modified: 29 Mar 2021QC 55188