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What is AMIT?

An Attribution Managed Investment Trust (AMIT) is a type of trust structure used by many investment funds in Australia. At the end of each financial year, AMITs issue an Annual Tax Statement that breaks down the components of your distribution — including capital gains, foreign income, and cost base adjustments — which you or your accountant need to report to the ATO.

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Do you have trust income?

Trust income is income received from an investment structured as a trust. Unlike dividends from shares, trust distributions can include multiple tax components — capital gains, foreign income, cost base adjustments — that need to be reported separately.

You likely have trust income if you hold any of the following:

• ETFs (Exchange Traded Funds) — ASX-listed
• Managed funds (unlisted, held directly with a fund manager or through a platform)
• Stapled securities (e.g. REITs, infrastructure trusts)
• LICs (Listed Investment Companies)
• Unit trusts

If you only hold individual shares or cash, you do not need to complete this process.

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What type of trust investment do you hold?

• ETF (ASX-listed) → Continue reading below
• Managed fund (unlisted) → See Managed funds AMIT guide
• Stapled security (REIT, infrastructure trust) → See Stapled securities guide
• LIC or unit trust → Jump to How to enter AMIT components below

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How the process works (ETFs)

During the year

ETFs typically pay distributions 3–4 times per year. For each distribution, Sharesight automatically populates estimated tax components — a breakdown of income, capital gains, foreign income, etc.

This applies to supported providers only (see Is your ETF auto-updated? below). Managed fund-type ETFs such as Loftus Peak (LPGD) are not included — see Managed funds AMIT guide instead.

At the end of financial year

After 30 June, a finalised Annual Tax Statement is issued. What happens next depends on two things: how you hold your ETF, and whether Sharesight auto-updates your provider.

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How do you hold your ETF?

CHESS-sponsored (direct broker with HIN)

You will receive an Annual Tax Statement from the share registry (e.g. Computershare, Link Market Services) or the ETF issuer after 30 June.

• If Sharesight auto-updates your provider → Sharesight will apply the finalised figures automatically. Do a quick reconcile: check that each tax component label matches your statement and the net distribution amount lines up.
• If Sharesight does not auto-update your provider → You will need to manually enter the components from your statement. See How to enter AMIT components below.

Custodial broker (broker holds ETF on your behalf)

If you invest through a custodial broker such as Interactive Brokers, Superhero, or Raiz, your broker holds the ETF on your behalf and you will not receive an Annual Tax Statement directly.

• If Sharesight auto-updates your provider → Trust Sharesight's finalised figures. Do a quick reconcile to confirm the amounts look reasonable.
• If Sharesight does not auto-update your provider → Refer to the ETF issuer's tax resource page on their website (e.g. Vanguard publishes a tax guide for VAS investors) and manually enter the components. Be aware that cost-base tracking in Sharesight may not be 100% accurate in a custodial structure.

ETF issuer platform (Vanguard Personal Investor or BetaShares Direct)

If you invest directly through the ETF issuer's own platform, the issuer will provide a report or statement — though the format may differ from Sharesight's Annual Tax Statement format. Guidance for reconciling these is coming soon. Contact Sharesight support in the meantime.

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Is your ETF auto-updated?

Check your ETF provider below to see whether Sharesight automatically applies the finalised AMIT/AMMA tax components.

✅ Auto-updated providers

For these providers, Sharesight automatically retrieves and applies tax components once released — no manual entry needed:

• Vanguard (e.g., VAS, VGS, VDHG)
• iShares by BlackRock (e.g., IVV, IOZ)
• BetaShares (e.g., NDQ, DHHF, A200)
• VanEck (e.g., QUAL, MVW)
• GlobalX
• SPDR — DJRE, STW, and E200 only

⚠️ Not auto-updated (manual entry required)

These funds are not included in our automatic data sync. Manually enter the components from your tax statement:

• Active ETFs & Specialist Managers: Loftus Peak (LPGD), Magellan, Hyperion, etc.
• Listed Investment Companies (LICs): AFIC, Argo, Milton, etc.

Pro tip: Not sure which type of statement you have? Check the title. If it says "AMMA Statement" (AMIT Member Annual Statement), your fund is structured as a managed fund — see Managed funds AMIT guide. If it says "Annual Tax Statement" from a share registry, it is an ETF AMIT statement.

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How to enter AMIT components in Sharesight

Sharesight will correctly adjust your cost base and take AMIT components into account when running the Capital Gains Tax Report and Taxable Income Report.

Embedded content: https://www.youtube.com/watch?v=H6KeSGWPeWw

1. From any page, click the Tax tab.

2. Click Taxable Income Report under the Tax and Compliance section.

3. From the dropdown calendar, select the date range you would like to run the report for.

4. Click Advanced options.

5. Select Show holding totals and click Apply.

6. Click the Enter Annual Tax Statement Components button beneath the trust distribution totals.

7. Enter the required fields by referring to the table below and matching them against your EOFY statement:

#	Sharesight Component	ETF Statement Component
1	Share of net income from trusts, less net capital gains, foreign income and franked	13U
2	Franked distributions from trusts	13C
3	Share of franking credits from franked dividends	13Q
4	Share of credit for TFN amounts withheld	13R
5	Discounted Capital Gains	The total sum of all discounted capital gains from your statement
6	Capital Gains	The total sum of all other capital gains from your statement
7	Net capital gain	18A — automatically generated as a sum of discounted and non-discounted capital gains entered
8	CGT Concession	The AMIT CGT gross up amount
9	Total current year capital gains	18H — automatically generated as a sum of the Net Capital Gain and AMIT CGT gross up amount
10	Assessable foreign source income	18E
11	Other net foreign source income	20M
12	Foreign income tax offset	20O
13	AMIT Decrease	AMIT Excess amount
14	AMIT Increase	AMIT Shortfall amount
15	Tax Deferred	Non-assessable; used to adjust your cost base for CGT purposes. Leave blank for AMITs.
16	Non Assessable	Amount of non-assessable income; reduces your reduced cost base but does not affect cost base. Leave blank for AMITs.
17	Interest	Not necessary to separate from the total unfranked value for tax purposes. If you do, reduce the unfranked amount by the interest portion.

Sharesight will then calculate and pro rate the AMIT components across the distributions received throughout the year or period the trust was held.

When using the pro rata form, it is recommended to add all components. If only the AMIT adjustments are entered, the cash position and other tax components will most likely be incorrect.

8. Click Save and confirm payout changes.

Sharesight does not provide taxation advice and this report does not constitute personal taxation advice. If you have any questions about your tax position we recommend you contact your accountant or tax advisor.