Trust information

Provide the period, name of trust, tax file number (TFN) and Australian business number (ABN).

The name, TFN and ABN shown here must match the information you have entered on the AMIT tax return.

Separate AMIT classes and the AMIT tax schedule

An AMIT may make an irrevocable election to treat separate classes of interests in the trust as separate AMITs.

If the trustee has chosen to apply separate AMIT treatment, you must complete one AMIT tax schedule for each class.

You must also complete the following separate AMIT fields on each schedule.

Name of AMIT class

Write a unique name and number for the AMIT class. This ensures that each class can be easily identified.

We recommend that the name and number of an AMIT class remain consistent in subsequent years and that you avoid reusing a name if the class ceases.

Example: separate AMIT schedule for each class

An AMIT has an Australian equities class and a Foreign equities class, which it elects to treat as separate AMITs. A separate schedule is prepared for each class, showing the names as:

Australian equities class
Foreign equities class.

End of example

MIT type

Choose a MIT type from the table below. If the MIT is more than one MIT type, answer as follows:

if MIT type code B is one of these, answer code B
if not code B, but code A with any other code, answer code A
if not codes A or B, but code C with any other code, answer code C
if not codes A, B or C, but is codes E, H and P, answer code H.

Table: MIT type and codes
MIT type	MIT code
Affordable housing MIT A MIT is an affordable housing MIT if it holds interests in residential accommodation available at below market rental prices, under the Affordable housing scheme. If the MIT is more than one MIT type listed in this table, see the rules before the table.	A
Build to rent (BTR) MIT A MIT is a BTR MIT if it owns one or more active build to rent developments. An active build to rent development is an Australian build to rent development that meets the following the eligibility criteria for the build to rent development tax incentives the owner (or a former owner) has notified the Commissioner in the approved form of their choice for the development to be an active build to rent development has during the required minimum period for that development continually met the ongoing eligibility conditions, or if not, the Commissioner has exercised their discretion to reinstate the development's access to the incentives where certain criteria are failed. For more information, see Build to rent development tax incentives. Even if the MIT is also another MIT type listed in this table, answer B at MIT type.	B
Clean building MIT A MIT is a clean building MIT if it both: holds one or more clean buildings, including the land on which the buildings are situated does not derive assessable income from any taxable Australian property, other than from the clean buildings or assets that are reasonably incidental to those buildings. If the MIT is more than one MIT type listed in this table, see the rules before the table.	C
Equity MIT A MIT is an equity MIT if it invests in only equity assets including one or more of: shares in Australian listed companies shares listed on a foreign exchange units in trusts interests in bonds and debentures. If the MIT is more than one MIT type listed in this table, see the rules before the table.	E
Hybrid MIT A MIT is a hybrid MIT if it invests in both: equity assets (including shares, units, bonds, and debentures) property or interests in property. If the MIT is not a MIT type codes A, B or C, but codes E, H and P, answer code H.	H
Property MIT A MIT is a property MIT if it invests in only one or more of: property an interest in property. If the MIT is more than one MIT type listed in this table, see the rules before the table.	P

Is this the final schedule for this class?

Answer Yes or No as appropriate.

Number of members in the AMIT class at the end of the income year

Write the number of members in the AMIT classes at the end of 2024–25. This field must contain a number, even if there is only one member.

Write only the number of owners shown in the AMIT's membership records. A single entity (such as a custodian) that is identified in the AMIT's membership records as holding membership interests in respect of more than one specific entity should be counted as a separate member in respect of each specific entity.

Example: identify number of members

Membership records for an AMIT class show a parcel of units held by X Custodian on behalf of Entity A, and a separate parcel held by X Custodian on behalf of Entity B. These should be treated as 2 separate members for the purposes of this question. If the record shows a parcel held by X Custodian without any reference to the underlying clients, it would be counted as a single member. You don't need to trace through to underlying interests not shown in the membership records.

End of example

Continue to: Assessable income – AMIT tax schedule

Return to: Instructions to complete the AMIT tax schedule 2025

Trust information