Use Navexa’s AMIT statement workflow to enter the final annual tax information for an ETF, managed fund or trust.

Before entering a statement, make sure:

Use one entry method for each holding and financial year. Enter the statement manually or import the PDF, but don’t repeat the same values on the individual distributions.

Don’t change the holding’s original buy prices to enter AMIT cost-base adjustments.

You can start the AMIT statement workflow from either of these areas:

Both options open the same AMIT statement workflow for the selected holding and financial year.

Select Update AMIT Statement instead if statement data has already been saved for that holding and financial year.

Both paths take you to the same statement entry options.

After selecting Enter AMIT Statement, Navexa gives you three options:

Choose the option that matches the statement information available to you.

Use Enter manually to copy the annual values from the provider’s statement into Navexa.

Only enter or derive amounts supported by the final annual tax statement. Use the meaning of each Navexa field rather than relying on an exact label match between the provider’s statement and Navexa.

Match each amount using its meaning and tax return label. Don’t place an amount into a different field simply because the wording looks similar.

Some fields are calculated automatically and can’t be edited directly. Enter the underlying components, then review the calculated value before saving.

Use Import from PDF to have Navexa extract values from the provider’s statement.

PDF import speeds up data entry, but it doesn’t replace reviewing the statement.

Statement formats vary between providers. Check every imported amount and tax label before saving.

Don’t place an unsupported tax label into another field to make the totals balance.

Select Mark as not requiring AMIT data when the holding doesn’t require AMIT statement information for that financial year.

Navexa will display AMIT Not Required beside the holding.

This doesn’t permanently prevent you from entering a statement. You can select Enter AMIT Statement later if you receive one or determine that it is required.

The AMIT statement form shows how the annual values will update the holding’s distributions.

The form includes:

Before saving, check that:

Some fields in the AMIT statement form are calculated automatically by Navexa and cannot be entered or edited directly.

For capital gains:

A provider may separately report a CGT concession amount as a distribution component. Do not automatically enter that amount into Navexa’s CGT Concession (AMIT CGT gross up) field.

The AMIT CGT gross up is used to calculate 18H from a discounted capital gain. It is not another cash amount paid to you. A separately reported CGT concession amount can be a different distribution component.

For example, if the final Annual Tax Statement shows:

Enter $1.40 for Capital Gains – Discounted Method and $1.40 for CGT Concession (AMIT CGT gross up). Navexa then calculates 18A as $1.40 and 18H as $2.80.

Some final statements show the grossed-up amount but not a separate AMIT CGT gross-up increment. Where the final statement clearly supports the calculation, derive the gross up from the difference between 18H and 18A. Do not use a similarly named provider label without confirming what the amount represents.

This is why 18A and 18H appear as read-only fields. Instead of entering those totals directly, enter the underlying capital gains components supported by your final AMIT or AMMA statement.

Before saving, compare the calculated 18A and 18H amounts shown in Navexa with the corresponding amounts on your provider’s statement. If they match, you can confirm the underlying capital gains components have been entered correctly.

Once you have reviewed the figures, select Save Updated Distributions.

Navexa then applies the annual AMIT values across the distributions recorded for that holding during the financial year.

For example, if the holding received two distributions during the year, the annual capital gains and other AMIT components will be split across those two distribution records. You can open the individual distributions afterwards to see the amounts Navexa has applied to each one.

This means the AMIT data does not only remain on the annual AMIT statement screen. The relevant components are added to the underlying distribution records and are then used in Navexa’s tax reporting.

After saving, you can check your entry in three places:

If you make changes to the AMIT statement later, saving it again will update the affected distribution records using the revised values.

If Enter AMIT Statement isn’t available, check that:

For custom investments, see Trust Income Missing for Custom Funds.

AMIT statement values may appear twice if the same annual components were entered through the AMIT workflow and also added manually elsewhere.

Check whether the values were entered both through Enter AMIT Statement and on the individual distributions. Keep one entry method for each holding and financial year, then review the Taxable Income report again.

Imported values may not match because providers use different statement formats and tax-label wording.

Compare every imported amount and tax label with the original statement before saving. Correct any value that doesn’t match.

Navexa records the direction of an AMIT adjustment using separate Increase and Decrease fields, so enter the amount as a positive value in the appropriate field.

Some providers use negative signs for presentation or reconciliation purposes. For example, Betashares Direct may show a negative amount beside Cost base increase amount. Betashares Direct has confirmed that this still represents an increase to the investment's cost base.

So if a Betashares Direct statement shows Cost base increase amount: -$459.33, enter $459.33 under AMIT Increase (Shortfall) in Navexa.

Don't automatically reverse negative amounts from other providers. If the adjustment type isn't clear from the statement, confirm it with the statement provider or your tax adviser.

Contact Support if:

Include the holding, financial year, relevant statement page and a screenshot of the Navexa form.

Remember, this is general information, not personal financial advice.