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About US Masters Residential Property Fund (URF)

US Masters Residential Property Fund is an ASX-listed fund that invests in residential properties in the United States. It is structured as a stapled security consisting of two components that trade together as a single unit:

• URF Ltd — the company component
• US Masters Residential Property Fund — the trust component

Because US Masters Residential Property Fund is a stapled security, the trust component is subject to AMIT (Attribution Managed Investment Trust) treatment. This means you will receive an Annual Tax Statement that finalises the tax components for the trust portion of your distributions.

Calendar year reporting

US Masters Residential Property Fund (ASX: URF) reports its financial results and distributions based on the calendar year (1 January to 31 December), rather than the standard Australian financial year (1 July to 30 June). This means your Annual Tax Statement will be issued after 31 December, not after 30 June.

Does Sharesight automatically update US Masters Residential Property Fund AMIT components?

Currently, Sharesight does not automatically update AMIT tax components for US Masters Residential Property Fund. You will need to manually enter the components from your Annual Tax Statement each year.

How to enter US Masters Residential Property Fund AMIT components

1. Obtain your Annual Tax Statement from US Masters Residential Property Fund's share registry or your broker after 31 December.

2. Follow the steps in Australian AMIT tax components to manually enter the components into Sharesight's Taxable Income Report.

Note: US Masters Residential Property Fund distributions may include both trust income and company dividends. Sharesight automatically classifies all distributions from stapled securities as trust income. If your distribution includes a company dividend component, you will need to edit the distribution in Sharesight to split it accordingly.

Sharesight does not provide taxation advice. If you have any questions about your tax position, we recommend you contact your accountant or tax advisor.