Record the trust and non-trust parts of stapled security income separately so Navexa can show them in the correct sections of your tax reports.
What Stapled Securities Are
A stapled security combines two or more securities that trade together, such as a company share and a unit trust.
Income from the company component is generally non-trust income. Income from the trust component is generally trust income. Examples of stapled securities include APA Group (ASX: APA), Goodman Group (ASX: GMG) and Transurban Group (ASX: TCL).
Before You Start
Use the issuer's final annual tax statement to identify the trust and non-trust components for the financial year.
The statement may also include franking credits, capital gains and Attribution Managed Investment Trust (AMIT) cost-base adjustments. An AMMA statement is an Attribution Managed Investment Trust Member Annual statement.
Important: Navexa does not currently identify and split the trust and non-trust cash components of a stapled-security payment automatically.
Split The Income Payment
Split the combined payment into separate trust and non-trust income records before entering the annual AMIT or AMMA information.
Open Portfolio from the left-hand menu.
Select the stapled security, then open its Income tab.
Find the relevant income item and select the three dots (⋮) beside it.
Select Edit.
Change the amount so this record contains only one component from the statement.
Set Trust Income to No for the company or dividend component, or Yes for the trust or distribution component.
Select Save Changes.
Select Add Dividend and create a second record for the other component.
Set Trust Income correctly for the second record, then select Add Dividend.
The two net payments should add up to the total cash payment you received. For detailed instructions, see How to Add, Edit & Delete a Dividend (or Distribution).
Enter The Annual Statement
Enter the annual AMIT or AMMA components after the trust income record is present.
Open Tax Reporting from the left-hand menu.
Select Taxable Income.
Choose the financial year shown on the statement.
Scroll to Trust Income and find the stapled security.
Select Enter AMIT Statement. Select Update AMIT Statement if statement data has already been saved.
Choose Enter manually or Import from PDF.
Enter or review every value against the final statement.
Select Save Updated Distributions.
Navexa applies the annual AMIT values across the trust distributions recorded for that holding and financial year. See How to Enter or Import an AMIT/AMMA Statement in Navexa for the complete statement workflow.
Avoid Duplicate Amounts
Do not enter the same annual AMIT or AMMA components through both the statement workflow and the individual income records.
After selecting Save Updated Distributions, Navexa updates the underlying trust distribution records. Repeating those values manually can make the tax report show them twice.
Check The Tax Report
Review the completed split under Tax Reporting → Taxable Income.
Confirm the company component appears under Non-Trust Income.
Confirm the trust component appears under Trust Income.
Check the combined net payments against the cash amount received.
Check the annual tax components against the issuer's final statement.
If a component appears in the wrong section, edit that income record and check its Trust Income setting.
Remember, this is general information, not personal financial advice.