ato logo
Search Suggestion:

AMMA statement or SDS

Last updated 24 June 2020

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.

QC62634