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  • Withholding obligations

    An AMIT that is a withholding MIT may be treated as having made deemed payments to members in respect of an income year. Where some or all of a deemed payment is either a fund payment or an AMIT DIR payment, the trustee of the AMIT may need to pay an amount to the Commissioner.

    See also:

    Total deemed AMIT DIR payments

    Enter the total amount of the deemed payments in respect of the income year that are an AMIT DIR payment and in relation to which the trustee is required to pay an amount to the Commissioner under section 12A-215 of the TAA (as determined by paragraph 12A-215(2)(b)). Do not include any part of a deemed payment for which the trustee is not required to pay an amount to the Commissioner.

    If the trustee is not required to pay any amount to the Commissioner under section 12A-215 in respect of that part of the deemed payment that is an AMIT DIR payment, enter 0.

    A deemed payment will not arise if the AMIT is not a 'withholding MIT' (section 12-383 of the TAA).

    See also:

    • LCR 2015/12 Attribution Managed Investment Trusts: dividend, interest and royalty withholding

    Total deemed fund payments

    Enter the total amount of the deemed payments in respect of the income year that are a fund payment and in relation to which the trustee is required to pay an amount to the Commissioner under section 12A-215 of the TAA (as determined by paragraph 12A-215(2)(a)). Do not include any part of a deemed payment for which the trustee is not required to pay an amount to the Commissioner.

    If the trustee is not required to pay any amount to the Commissioner under section 12A-215 in respect of that part of the deemed payment that is a fund payment, enter 0.

    A deemed payment will not arise if the AMIT is not a 'withholding MIT' (section 12-383 of the TAA).

    See also:

    • LCR 2015/13 Attribution Managed Investment Trusts: withholding in respect of 'fund payments'
      Last modified: 30 May 2019QC 58632