COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from http://ato.gov.au/law.
NOTICE OF RULING | ||
Ruling Number | Subject | Brief Description |
TD 2017/11 | Income tax: who should be assessed to interest on bank accounts? | The Determination sets out the Commissioner’s position on who should be assessed to interest on bank accounts? The Determination only applies to income years commencing both before and after its date of issue. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
TD 92/106 | Income tax: who should be assessed to interest earned on a joint bank account? | Taxation Determination TD 92/106 is withdrawn with effect from 26 April 2017. |
TD 92/182 | Income tax: a taxpayer appoints another person as a joint signatory to operate a bank account in the taxpayer’s name, if she becomes ill or is absent from Australia for any length of time. The taxpayer retains sole beneficial entitlement to the money in the bank account. Is the appointee assessable on any of the interest income derived? | Taxation Determination TD 92/182 is withdrawn with effect from 26 April 2017. |
TD 93/148 | Income tax: are monetary gifts received by a child or any interest earned on investing such money treated as ‘excepted assessable income’? | Taxation Determination TD 93/148 is withdrawn with effect from 26 April 2017. |
TD 94/66 | Income tax: if the trustee of a unit trust is ‘the owner’ of a ‘unit of industrial property’ (UIP) under Division 10B of Part III of the Income Tax Assessment Act 1936, is a unit holder in that trust entitled to a deduction under Division 10B in respect of that UIP? | Taxation Determination TD 94/66 is withdrawn with effect from 26 April 2017. |
TD 98/26 | Income tax: what is the approved form and manner of lodgment for an election to roll‑over an eligible termination payment? | Taxation Determination TD 98/26 is withdrawn with effect from 26 April 2017. |
TD 2002/21 | Income tax: how do the transitional measures in the Corporations Act 2001 (‘Corporations Act’) impact upon the definition of a financial entity for the purposes of Division 820 of the Income Tax Assessment Act 1997 (‘ITAA 1997’)? | Taxation Determination TD 2002/21 is withdrawn with effect from 26 April 2017. |