If the field is greater than zero, then the Transferor trust income Supplementary income field must be or payment type AMT UTD. 7.114 the amount distributed, or attributed (for AMITs), to the Australian CFC income – resident investment account, which is a share of any attributed foreign income from a Controlled foreign company (CFC). If the CFC income field is greater than zero, then the Supplementary income payment type field must be AMT or UTD. 7.115 Net foreign rent the amount distributed, or attributed (for to the Australian – resident investment account, which is a share of any Net foreign rent. The Net Foreign Rent is a component of the Assessable foreign source income field. If the amount reported in this field is greater than zero then include this amount as part of the amount reported at Assessable foreign source income field. If the is greater than zero, then the Net foreign rent Supplementary income payment type field must be AMT or UTD. 7.116 Unfranked distributions from trusts the amount of unfranked distributions from – trusts paid, credited or attributed (for AMITs), to the investment account. This will be less than or equal to the sum of the following fields: Unfranked dividends not declared to be conduit foreign income (7.77) Unfranked dividends declared to be conduit foreign income (7.78). This amount will equal the sum of Unfranked dividends not declared to be conduit foreign income and Unfranked dividends declared to be conduit foreign income unless an entity (excluding AMITs) chooses to calculate the unfranked component of a partially franked distribution. In these cases, the amount will be less than the sum of Unfranked dividends not declared to be conduit foreign income and Unfranked dividends declared to be conduit foreign income. Amounts reported in this must be used in the calculation for Non-primary production income. If the field is greater than zero, then the Unfranked distributions from trusts Supplementary field must be or income payment type AMT UTD. 7.117 the amount of franked distributions received, or Franked distributions from trusts – attributed (for AMITs), from a trust. Also include any share of franking credits referrable to the franked distribution.
If the Transferor trust income field is greater than zero, then the Supplementary income payment type field must be AMT or UTD. 7.114 CFC income – the amount distributed, or attributed (for AMITs), to the Australian resident investment account, which is a share of any attributed foreign income from a Controlled foreign company (CFC). If the CFC income field is greater than zero, then the Supplementary income payment type field must be AMT or UTD. 7.115 Net foreign rent – the amount distributed, or attributed (for to the Australian resident investment account, which is a share of any Net foreign rent. The Net Foreign Rent is a component of the Assessable foreign source income field. If the amount reported in this field is greater than zero then include this amount as part of the amount reported at Assessable foreign source income field. If the Net foreign rent is greater than zero, then the Supplementary income payment type field must be AMT or UTD. 7.116 Unfranked distributions from trusts – the amount of unfranked distributions from trusts paid, credited or attributed (for AMITs), to the investment account. This will be less than or equal to the sum of the following fields: Unfranked dividends not declared to be conduit foreign income (7.77) Unfranked dividends declared to be conduit foreign income (7.78). This amount will equal the sum of Unfranked dividends not declared to be conduit foreign income and Unfranked dividends declared to be conduit foreign income unless an entity (excluding AMITs) chooses to calculate the unfranked component of a partially franked distribution. In these cases, the amount will be less than the sum of Unfranked dividends not declared to be conduit foreign income and Unfranked dividends declared to be conduit foreign income. Amounts reported in this must be used in the calculation for Non-primary production income. If the Unfranked distributions from trusts field is greater than zero, then the Supplementary income payment type field must be AMT or UTD. 7.117 Franked distributions from trusts – the amount of franked distributions received, or attributed (for AMITs), from a trust. Also include any share of franking credits referrable to the franked distribution.
Annual_investment_income_report_(AIIR)_specification_clean_v11.0.0.docx