Attribution managed investment trusts

Learn about the characteristics of AMITs.

Understand the eligibility rules for becoming and ceasing to be an AMIT.

Explains how the attribution method works and is applied when calculating AMIT income and cost-base adjustments.

How to deal with under or over estimations of AMIT income.

An AMIT can choose to treat separate classes within the trust as if they were separate AMITs.

A debt-like trust instrument in an attribution MIT (AMIT) is treated as a debt interest.

AMITs are required to report to us and their members for each income year they are an AMIT.

Generally, the trustee of an AMIT will be taxed where the income of the trust is not taxed at member level.

The trustee of an AMIT may be subject to administrative penalties where particular rules are not followed.