CTS for Australian Managed Investment Trusts (AMITs)

CTS for AMITs is designed for entities opting into the new AMIT regime. It allows you to streamline the tax distribution calculation, reporting and tax return preparation processes.

Designed by SW - leading providers of tax services to the funds management industry. We are the first to offer an end-to-end tax solution that caters for the AMIT regime.

Whether you are a listed AREIT, large investment fund or a small group of retail funds, CTS for AMITs sets the industry standard for AMIT compliance.

CTS for AMITs has the following features:

  • Automation of unders and overs and a feature to cross allocate overs

  • Calculation of the net cost base adjustment for unit holders under the new CGT event E10

  • 2-step approach to allocating general expenses as prescribed by law

    • Step 1: Option to directly allocate specific expenses to income components

    • Step 2: Automated options to allocate remaining expenses (as prescribed by ATO)

  • Populates the AMMA statement consistent with the ATO's recommendation

  • Populates the new AMIT tax return and schedules

  • Electronic lodgement of the AMIT tax return and schedules via the Standard Business Reporting (SBR) portal

  • Integration with MITs (using CTS for Trusts) and vice versa

  • Rollover from prior year Trusts to AMITs

  • Rollup from subsidiaries (Trusts to AMITs or AMITs to Trusts).

Best of all, the existing features from our trusted CTS products are still there (and improved) including:

  • Automation of tax adjustments directly from the trial balance

  • Preparation of tax distribution calculations

  • Integration with Excel workpapers (including advanced auto-link functionality)

  • Bulk trial balance upload for large groups

  • Fast and user-friendly interface

  • Audit report to help track reviewed numbers and queries from one convenient location

  • Easy-to-use structure for flowing distributions from Trusts or AMITs up to the head level

  • Excel functionality

  • Desktop, network and cloud options.

Want to find out more? 

If you would like a demonstration or have any further questions about the AMIT regime, our AMIT experts would be happy to discuss. Simply click here to email our CTS team and a team member will be in touch with you within the next business day.