Worried you’re missing part of your refund? Remember, the low and middle income tax offset isn’t a refund on its own – it’s used to offset (or reduce) the amount of tax you pay. The offset amount you may be entitled to is automatically applied and could range between $255-$1080, depending on things like your taxable income and how much tax you’ve paid.
I was just wondering if this has been prefilled correctly?
1. The capital gains - discount method is showing $6, shouldn't this be $12 as I presume it is the breakdown of 18H?
2. I have only held the EFT for about 11 months at the end of the FY20, I thought the CGT discount is only applied for 12 months or more. Is the treatment different since the assets were actually held by the trust?
As a second question, NDQ paid a dividend of 0.70 cents according to my broker CommSec. This does not appear on the AMMA statement, nor is it prefilled in the dividends section of myTax whereas a dividend from my dominos share appears already prefilled there. Does that mean I don't declare dividends from AMITs or they are already included somewhere in the AMMA statement?