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X Forestry managed investment scheme income

Last updated 12 February 2019

Did the SMSF earn income from a forestry managed investment scheme (FMIS)?


Leave X blank. Go to D1 and D.


Read on.

Write at X the SMSF's income from all FMISs. The amount at X should not be reduced by any loss or outgoing related to the income.

You can read more about calculating FMIS income at Forestry managed investment schemes.

If you include an amount at X that is exempt current pension income, include it also at Y Exempt current pension income.

Do not include capital gains from an FMIS at X; include these capital gains when working out the SMSF's net capital gain to show at A Net capital gain.

See also:

Start of example

Example: Forestry managed investment scheme income

In 2014–15, SMSF X had an investment with an FMIS. SMSF X received a statement from the FMIS. The statement shows that SMSF X's share of income from the FMIS during 2014–15 was $10,000.

SMSF X reports:

X Forestry managed investment scheme income in Section B $10,000

Write the SMSF's share of any expenses at U1 or U2 Forestry managed investment scheme expenses in Section C.

End of example