ato logo

X Forestry managed investment scheme income

Last updated 26 May 2021

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 Appendix 2: 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.

For more information on the CGT treatment of the SMSF’s forestry interests, see Capital gains tax.

If the SMSF is a member of a collapsed agribusiness managed investment scheme, see Collapse and restructure of agribusiness managed investment schemes – participant information.

Example: Forestry managed investment scheme income

In 2020–21, 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 2020–21 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