AMIT statements for Australian ETFs

If you hold Australian ETFs, you'll receive an AMMA (AMIT Member Annual) statement from your fund provider at the end of each financial year. This statement breaks your distributions into tax components that you need for your tax return.

TrackMyShares lets you enter these values so your tax report shows the correct component-level breakdown instead of treating all distributions as a single lump sum.

What is an AMMA statement?

AMIT stands for Attribution Managed Investment Trust. Most Australian ETFs (Vanguard, Betashares, iShares, VanEck, etc.) are structured as AMITs. At the end of each financial year, they issue an AMMA statement that attributes different types of income and adjustments to each investor.

Your AMMA statement includes:

• Franked dividends and unfranked dividends from Australian companies held by the fund
• Franking credits attached to those dividends
• Foreign income from international holdings
• Foreign income tax offset (FITO) for tax already paid overseas
• Capital gains (discounted and other) passed through from the fund's trading
• CGT concession amount (non-assessable)
• Cost base adjustments that increase or decrease your cost base for future CGT calculations

Why enter AMMA data?

Without AMMA data, your tax report uses the cash distributions you recorded as dividend transactions. This is a rough approximation. With AMMA data:

• Your income is split into the correct categories (franked, unfranked, foreign)
• Franking credits and FITO are accurately reported
• Distribution capital gains from the fund appear in your CGT section
• Cost base adjustments affect future capital gain calculations when you sell

How to enter an AMMA statement

1. Open any transaction-based portfolio with Australian holdings
2. Navigate to the tax report page
3. Select Australia as the region and choose the financial year
4. Click the AMMA statements button (next to Print)
5. Select a holding from the dropdown (only AUS-market holdings appear)
6. Enter the values from your AMMA statement
7. Click Save

The holding selector shows a checkmark next to holdings that already have AMMA data entered for the selected financial year.

Tip: You only need to enter AMMA data once per holding per financial year. The values are saved and will be used whenever you generate a tax report for that year.

Understanding each field

Income section

Field	What it means
Franked dividends	Australian dividend income with franking credits attached
Unfranked dividends	Australian dividend income without franking credits
Foreign income	Income from non-Australian sources attributed by the trust

Tax offsets section

Field	What it means
Franking credits	Tax credits attached to franked dividends, claimable as a tax offset
Foreign income tax offset (FITO)	Credit for tax already paid in other countries

Capital gains section

Field	What it means
Discounted capital gains	Capital gains eligible for the 50% CGT discount (held over 12 months by the trust)
Other capital gains	Capital gains not eligible for the CGT discount
CGT concession amount	Non-assessable amount from CGT concession (informational)

Cost base adjustments section

Field	What it means
Cost base increase	Increases your cost base, reducing future capital gains when you sell
Cost base decrease	Decreases your cost base, increasing future capital gains when you sell

The net adjustment is shown below these fields. Cost base adjustments are cumulative across financial years and are applied automatically when calculating capital gains on future sales.

Other section

Field	What it means
Other non-assessable amounts	Tax-deferred or tax-free amounts not included in assessable income

How AMMA data affects your tax report

When AMMA data is entered for a holding:

• The dividend income section shows a component breakdown (franked, unfranked, foreign income) instead of a single "Gross dividends received" line
• Franking credits and FITO appear in the tax offsets section
• Distribution capital gains from the fund are included in the capital gains section (discounted gains are eligible for the CGT discount, other gains are not)
• The holding shows an AMMA badge in the holdings breakdown table
• A note "Income sourced from AMMA statements" appears in the income section

If you have a mix of holdings with and without AMMA data, the tax report uses AMMA values for holdings that have them and transaction-derived values for the rest.

Cost base adjustments and selling

If your AMMA statement includes a cost base decrease, this reduces the cost base of your holding. When you eventually sell units, the reduced cost base means a higher capital gain (or smaller capital loss).

For example, if you bought 100 units at $80 each ($8,000 cost base) and the AMMA statement shows a $200 cost base decrease, your adjusted cost base becomes $7,800. If you later sell 50 units at $85 each:

• Without AMIT: gain = 50 x ($85 - $80) = $250
• With AMIT cost base decrease: gain = 50 x ($85 - $78) = $350

Cost base adjustments from prior financial years are carried forward automatically. If you enter AMMA data for FY 2023-24 and then sell in FY 2024-25, the adjustment is applied when calculating the sale gain.

Deleting an AMMA statement

To remove AMMA data for a holding:

1. Open the AMMA statements dialog
2. Select the holding
3. Click Delete, then Confirm delete

The tax report will revert to using transaction-derived dividend values for that holding.