Guide to your

AMMA tax statement

30 June 2021
About this guide
This guide aims to assist individual taxpayers
in completing their tax return for the 2020/21
financial year. It contains basic information
of a very general nature about the treatment
of your income distributions as shown in your
attribution managed investment trust (AMIT)
member annual (AMMA) tax statement.
Note: This guide is not a substitute for
tax advice. It has been prepared based
on a set of assumptions which may not
be applicable to you. If you are in any
doubt about your personal tax position we
recommend that you seek professional tax
advice.
Assumptions
In preparing this guide, we have assumed that:
• you are an individual taxpayer
• you are an Australian resident for income tax
purposes
• you use this guide in conjunction with the
Australian Taxation Office’s 2021 Individual Tax
Return instructions to complete your tax return
• you hold your units for the purposes of
investment and that the Australian CGT rules
apply to you.
Completing your tax returns
The following information relates to your
investment in the Vanguard® Investor Funds.
If you had income from any other investments
during the year, you will need to combine the
information from your other investments with
the information provided by Vanguard when
completing your tax return. For tax return
references refer to the Tax return for individuals
(supplementary section) (NAT 2679-06.2021).
2
Frequently asked questions
What is the attribution managed investment
trust (AMIT) regime?
AMIT is a significant industry-wide reform,
which introduces new concessional tax rules for
managed investment trusts.
Under the AMIT regime, you will be assessed on
the taxable income that is attributed to you by
the fund, regardless of the amount you actually
receive.
What are the main differences between annual
tax statements and AMMA tax statements?
In the past, the annual tax statement provided
cash distribution amounts and you were
generally taxed based on the amount of cash
distribution you received from the fund. The
AMMA tax statement provides attribution,
cash distribution and cost base adjustment
information. The amounts that you will be
assessed on and which are required to complete
your tax return are based on the attributed
amounts. The components required to complete
your tax return are shown in Part A of your
AMMA tax statement. The components of
the cash distributions you received and the
components attributed to you are detailed in
Part B of your AMMA tax statement.
What does AMIT cost base net amount –
excess represent?
Where taxable income attributed to you is less
than the cash distribution you received, the
difference will decrease both the cost base and
the reduced cost base of your units in the fund.
The decrease in the cost base of your units
in the fund should be taken into account upon
disposal of the units when calculating your
capital gain/loss position. The reduction of cost
base of the units in the fund may give rise to a
capital gain if there is insufficient cost base
to absorb the reduction.
What does AMIT cost base net amount –
shortfall represent?
Where taxable income attributed to you is
more than cash distribution you received, the
difference will increase the cost base and
reduced cost base of your units in the fund. The
increase in the cost base of your units in the
fund should be taken into account upon disposal
of the units when calculating your capital gain/
loss position.
What other information can help me with my tax
return?
Included in the guide pack is the unitholder
notice titled ‘AMMA Tax Statement glossary’
which provides you with a high level definition of
most components on the AMMA tax statement.
The Australian Taxation Office (ATO) has a
helpline for personal tax enquiries, which is
13 28 61. The ATO also has a number of
publications which will help you to understand
your obligations and complete your return:
• Individual tax return instructions 2021 –
(NAT 71050-06.2021)
• Individual tax return instructions supplement
2021
• You and your shares 2021 – (NAT 2632-6.2021)
• Guide to foreign income tax offset rules 2021
• Personal investors guide to capital gains tax
2021 – (NAT 4152)
Australian income
The Australian sourced income shown in Part A
of your AMMA tax statement relates to the tax
return form as follows:
Share of net income from trusts, less net capital
gains, foreign income and franked distributions
at label 13U, other deductions relating to non-
primary production income at label 13Y, franked
distributions from trusts at label 13C, share
of franking credits from franked dividends at
label 13Q, share of credit for TFN amounts
withheld at label 13R, share of credit for tax paid
by trustee at label 13S and management fee
rebate at label 24V.
There are circumstances in which your ability
to claim a franking credit may be reduced.
For further details please refer to the ATO
publication You and your shares 2021
(NAT 2632-6.2021).

These publications are available from

www.ato.gov.au or by calling the ATO on
1300 720 092.

Can I use MyGov?

The ATO allows you to prepare and lodge your

tax return online using MyGov at www.ato.gov.
au. The information provided in Part A of your
annual taxation statement can
be used to complete the worksheet in the
Income/Managed Funds section of MyGov.

You should carefully read the instructions, as

there are circumstances when the Managed
Fund section should not be used.

What if I’m not an individual taxpayer?

The information provided in this guide assumes
you are an Australian resident individual
taxpayer. If your investments in the Vanguard
funds are made through a trust, company or
superannuation fund, you may need assistance
from your accountant or tax adviser in the
completion of your tax return.

Guide to your AMMA tax statement 3

 Example 1: Australian Income
Part A – Summary of 2021 Individual Tax Return (supplementary section) items. The following tax
return items are valid for Australian Resident Individual Unitholders only.

Version 1 – 12/10/2020 Amount

PROOF 03 - 8/12/2020 Tax Return Label
Non-primary production income $9,782,165.31 13U
Tax return for individuals
(supplementary
Other deductions relating to distributions section)
1 July 2020 to 30 June 2021
2021 $0.00 13Y
Franked
Use Individual distributions $2,571,555.11
tax return instructions supplement 2021 to fill in this tax return. Please print neatly in BLOCK LETTERS 13C
with a black or blue ballpoint pen only. Do not use correction fluid or tape. Print one letter or number in each box.
Franking credits
Print X in appropriate boxes. Complete your details carefully to avoid delays in processing your tax return. $1,200,596.47 13Q
Credit for TFN amounts withheld See the Privacy note in the $0.00 13R
Your tax file number (TFN) Taxpayer’s declaration on page 10
Credits for tax paid by trustee of your Tax return for individuals 2021.
$0.00 13S
Your name Title – for example,
Management
Print your full name. fee rebates Mr, Mrs, Ms, Miss
Surname or
$0.00 24V
family name
Given names

Income
13 Partnerships and trusts Include any deferred non-commercial business losses from a prior year at X or Y
as appropriate and insert the relevant code in the TYPE box.
Primary production
Distribution from partnerships N .00
,
Share of net income from trusts L .00
,
Landcare operations and deduction for
I .00
decline in value of water facility, fencing asset ,
and fodder storage asset
TYPE
Other deductions relating to
X .00
amounts shown at N and L , LOSS

Net primary production amount .00

Non-primary production
Distribution from partnerships,
less foreign income
Share of net income from trusts, less capital
gains, foreign income and franked distributions
Franked distributions
from trusts
Landcare operations expenses
Other deductions relating to
amounts shown at O , U and C
, ,
O .00 Show amounts of:
,
n capital gains from trusts at item 18 and
U .00 n foreign income at item 19 or 20. 13U
,
C .00 13C
,
J .00
, TYPE
Y .00 13Y
, LOSS

Net non-primary production amount .00

, ,
Partnership share of net small business income
D .00
less deductions attributable to that share ,
Trust share of net small business income
E .00
less deductions attributable to that share ,

Share of credits from income and tax offsets

Share of credit for tax withheld where .
P , PROOF 03 - 8/12/2020
26790621

Australian business number not quoted

Share of franking credit .
from franked dividends Q , 13Q
21 Rent Gross rent P ,
.00
Share of credit for tax file number amounts .
withheld from interest, dividends R , 13R
Interest deductions
and unit trust distributions Q ,
.00 P less (Q + F + U)

Credit for TFN amounts withheld from ..

payments Capital works deductions
from closely held trusts M
F , 00
LOSS

Share of creditOther
for tax paiddeductions
by trustee S ..00 Net .00 13S
rental U ,, rent , ,
Share of credit for foreign resident withholding. Show amounts of:
22 Bonuses from amounts life(excluding
insurance , gains) A
companies
and friendly
capital societies Wcredit for ,foreign resident .00
n
, capital gains
withholding from trusts at item 18.
Share of National rental
.
affordability scheme tax offset B
,
23 Forestry managed investment scheme income A , ,
.00
NAT 2679-06.2021
24 Other income Sensitive (when completed) Page 13
Category 1 Y , ,
.00
Category 2
(ATO interest) X , ,
.00
Type of
income Category 3
(FHSS) R , ,
.00
Category 4 V , ,
.00 24V

Tax withheld – lump sum

payments in arrears E ,
.00
Taxable professional income Z .00
,
Tax withheld – assessable FHSS released amount S .00
,
LOSS

TOTAL SUPPLEMENT For the amounts in the right-hand column .00

at items 13 to 24 add up all the income
$ , ,
INCOME OR LOSS
amounts and deduct any loss amounts.
Transfer this amount to I on page 3 of your tax return.

Deductions
D11 Deductible amount of undeducted purchase price of a foreign Y .00
pension or annuity , ,
4
D12 Personal superannuation contributions
Did you provide your fund (including a retirement savings account) with a notice of intent to claim a
Yes No
Foreign income
The foreign sourced income shown in Part A
of your AMMA tax statement relates to the
tax return form as follows: assessable foreign
source income at label 20E, Australian franking
credits from a New Zealand company at label
20F, other net foreign source income at label PROOF 03 - 8/12/2020
20M, foreign income tax offsets at label 20O.
14 Personal services income (PSI)
To complete this item, you need to read and complete the Business and professional items schedule for individuals 2021.
ThereYou are
should circumstances in which
lodge your tax return using myTax your
or a registered tax ability
agent.

to15claim a foreign
Net income income
or loss from business tax offset may be
reduced.
You should lodge your tax return using myTaxplease
For further details refer to the
To complete this item, you need to read and complete the Business and professional items schedule for individuals 2021.
or a registered tax agent.
ATO publication Guide to foreign income tax
16 Deferred non-commercial business losses
offset rulesthis2021.
To complete item, you need to read and complete the Business and professional items schedule for individuals 2021.
You should lodge your tax return using myTax or a registered tax agent.

17 Net farm management deposits or repayments

Deductible deposits D ,
.00
Early repayments – natural
N .00
disaster and drought ,
Example 2: Foreign Income
R Other repayments
,
.00
Part A – Summary of 2021 Individual Tax Return (supplementary
LOSS

E , , section)
Net farm management
deposits or repayments
.00 items. The following tax
return items are valid for Australian
18 Capital gains Did you have a capital gains
Tax Resident Individual Unitholders
You must print X in the Yes box at G if you had an
only.
tax event during the year? G No Yes
amount of capital gains from a trust.
CODE
Have you applied an exemption,
M
Amount Tax Return Label
rollover or additional discount? No Yes

Net capital gain A , , .00

Assessable foreign source
Total current year income
capital gains H .00 $220,981.31 20E
,
Australian franking credits from a New
Net capital losses carried
V ,
forward to later income years
.00 $0.00 20F
ZealandCredit
company
for foreign resident capital gains
withholding amounts X ,
.

Other net
19 Foreign foreign source income
entities $220,981.31 20M
Did you have either a direct or indirect .00
Foreign income tax offsets
interest in a controlled foreign company (CFC)? I No Yes CFC income K , , $31,615.00 20O
Have you ever, either directly or indirectly, caused
W No Yes
Transferor
B .00
the transfer of property – including money – trust income , ,
or services to a non-resident trust estate?

20 Foreign source income and foreign assets or property

Assessable foreign source income E .00 20E
, , LOSS

Other net foreign employment income T .00

, , LOSS
Net foreign pension or annuity income WITHOUT
L .00
an undeducted purchase price , , LOSS
Net foreign pension or annuity income
D .00
WITH an undeducted purchase price , , LOSS

Net foreign rent R .00

, , LOSS

Other net foreign source income M .00 20M

Also include at F Australian franking credits from a , ,
New Zealand franking company that you have received Australian franking credits from
F .00 20F
indirectly through a partnership or trust. a New Zealand franking company , ,
LOSS
Net foreign employment income –
U .00
payment summary , ,
Exempt foreign employment income N ,
.00
Foreign income tax offset O . 20O
,
During the year did you own, or have
an interest in, assets located outside Australia P No Yes
which had a total value of AUD$50,000 or more?

Page 14 Sensitive (when completed) TAX RETURN FOR INDIVIDUALS (supplementary section) 2021

Guide to your AMMA tax statement 5

Capital gains
The capital gains shown in Part A of your AMMA
tax statement relate to the tax return form as
follows: total current year capital gains at label
18H and net capital gain at label 18A.
Did you dispose of any units during the
year?
If you disposed of units during the year,
please be advised you will no longer receive
a CGT statement and CGT guide. You can
still calculate your current year’s capital gain
or loss position resulting from the disposal
of your Vanguard units by using information
provided in your transactional history statement
and information contained in the AMMA tax
statement. You will need to combine any capital
gain or loss you make from your disposal of
any units during the year, with the capital gain
information from your AMMA tax statement in
completing Question 18 of your tax return.
Non-Concessional Managed Investment
Trust (“MIT”) Income
An amount of a fund payment will be non-
concessional MIT income (“NCMI”) if it is
attributable to income that is:
• MIT cross staple arrangement income;
• MIT trading trust income;
• MIT agricultural income;
• MIT residential housing income.
These amendments apply from 1 July 2019.
Transitional rules apply to appropriately protect
existing arrangements from the impact of the
amendments – please see the ‘Excluded from
NCMI’ section for more details.
To improve the integrity of the income tax law
for arrangements involving stapled structures
and to limit access to tax concessions for
foreign investors, the managed investment trust
(MIT) withholding rate on fund payments that
are attributable to non-concessional MIT income
has been changed to 30%.
For more info, please refer to the ATO website
for more details: www.ato.gov.au
6
Excluded from NCMI / Non-NCMI
‘Excluded from NCMI’ amounts are amounts
that are attributable to income that would be
NCMI but for:
• Approved economic infrastructure facility
exception (see subsection 12-437(5) of
Schedule 1 to the TAA 1953)
• Transitional – MIT cross staple arrangement
income (see section 12-440 of Schedule 1 to
the TAA 1953)
• Transitional – MIT trading trust income (see
section 12-447 of Schedule 1 to the TAA 1953)
• Transitional – MIT residential housing income
(see section 12-451 of Schedule 1 to the TAA
1953)
• Transitional – MIT agricultural income (see
section 12-449 of Schedule 1 to the TAA 1953)
If the transitional rules apply, the concessional
MIT withholding tax rate of 15% (for recipients
in exchange of information countries) will
continue to apply for the relevant transitional
periods.
Clean Building MIT Income
A clean building MIT is one that:
• holds one or more clean buildings, including
the land in which the buildings are situated
• does not derive assessable income from
any taxable Australian property other than
from the clean buildings or assets that are
reasonably incidental to those buildings.
A clean building MIT is allowed to hold and
receive income from any assets reasonably
incidental to clean buildings provided that the
income received from those assets is less than
5% of the total income received from clean
buildings.
A building is a clean building if:
• the construction of the building commenced
on or after 1 July 2012
• the building is a commercial building that is an
office building, hotel or shopping centre, or a
combination of these
• the building meets and continues to maintain
at all times during the income year at least
 a 5 Star Green Star rating as certified by
the Green Building Council of Australia or a
5.5 star energy rating as accredited by the
National Australian Built Environment Rating
System.

A building is taken to have commenced

construction when the works on the lowest level,
including the basement level, of the building
begins. Site preparation for construction and
works undertaken below the lowest level of the
building such as excavation or site stabilisation
works do not amount to commencement of
construction.

A concessionary rate of 10% applies to fund

payments by a clean building MIT. PROOF 03 - 8/12/2020
14 Personal services income (PSI)
To complete this item, you need to read and complete the Business and professional items schedule for individuals 2021.
You should lodge your tax return using myTax or a registered tax agent.

15 Net income or loss from business

Example 3: Capital gains

To complete this item, you need to read and complete the Business and professional items schedule for individuals 2021.
You should lodge your tax return using myTax or a registered tax agent.

Part A – Summary
16 Deferred non-commercial of 2021
businessIndividual
losses Tax Return (supplementary section) items. The following tax
return items are valid for Australian Tax Resident
To complete this item, you need to read and complete the Business and professional Individual
items schedule for Unitholders
individuals 2021. only.
You should lodge your tax return using myTax or a registered tax agent.

17 Net farm management deposits or repayments Amount Tax Return Label

Total current year capital gains
Early repayments – natural
Net capital gain
D .00
Deductible deposits , $4,347,881.64 18H
N .00
,
disaster and drought
$2,173,940.82 18A
Other repayments R .00
, LOSS
Net farm management
E .00
deposits or repayments , ,

18 Capital gains Did you have a capital gains

G No Yes You must print X in the Yes box at G if you had an
tax event during the year? amount of capital gains from a trust.
CODE
Have you applied an exemption,
rollover or additional discount? M No Yes

Net capital gain A , , .00 18A

Total current year capital gains H .00 18H

,
Net capital losses carried
V .00
forward to later income years ,
Credit for foreign resident capital gains .
withholding amounts X ,

19 Foreign entities
Did you have either a direct or indirect
I No Yes CFC income K .00
interest in a controlled foreign company (CFC)? , ,
Have you ever, either directly or indirectly, caused
W No Yes
Transferor
B .00
the transfer of property – including money – trust income , ,
or services to a non-resident trust estate?

20 Foreign source income and foreign assets or property

Assessable foreign source income E .00
, , LOSS

Other net foreign employment income T .00

, , LOSS
Net foreign pension or annuity income WITHOUT
L .00
an undeducted purchase price , , LOSS
Net foreign pension or annuity income
D .00
WITH an undeducted purchase price , , LOSS

Net foreign rent R .00

, , LOSS

Other net foreign source income M .00

Also include at F Australian franking credits from a , ,
New Zealand franking company that you have received Australian franking credits from
F .00
indirectly through a partnership or trust. a New Zealand franking company , ,
LOSS
Net foreign employment income –
U .00
payment summary , ,
Exempt foreign employment income N ,
.00
Foreign income tax offset O .
,
During the year did you own, or have
an interest in, assets located outside Australia P No Yes
which had a total value of AUD$50,000 or more?

Page 14 Sensitive (when completed) TAX RETURN FOR INDIVIDUALS (supplementary section) 2021

Guide to your AMMA tax statement 7

More information
Internet: vanguard.com.au/personal/en/forms-and-notices

Contacting the ATO

Internet: ato.gov.au
Telephone:  ATO 13 28 61 or ATO publications 1300 720 092

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) is the product
issuer and the Operator of Vanguard Personal Investor. We have not taken your circumstances into
account when preparing this publication so it may not be applicable to your circumstances. You
should consider your circumstances and our Product Disclosure Statements (PDSs) before making
any investment decision. You can access our PDSs at www.vanguard.com.au or by calling 1300 655
101. Past performance is not an indication of future performance. Taxation considerations are based
on current laws and their interpretation at 30 June 2021. This publication was prepared in good faith
and we accept no liability for any errors or omissions. The extracts of the Australian Taxation Office’s
Individual income tax return (supplementary section) included in this publication is copyright of the
Commonwealth of Australia and is reproduced by permission. Apart from any use as permitted
under the Copyright Act 1968, no part may be reproduced by any process without prior written
permission from the Commonwealth Copyright. Administration, Attorney-General’s Department.
Requests and inquiries concerning reproduction and rights should be directed to Commonwealth
Copyright Administration, Copyright Law Branch, Attorney-General’s Department, Robert Garran vanguard.com.au
Offices, National Circuit, BARTON ACT 2600. © 2021 Vanguard Investments Australia Ltd.
GTAX_062021 1300 655 101