Notice of Rulings 17 July 2024
The Commissioner of Taxation, Rob Heferen, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
TD 2024/5 | Income tax: how the non-arm’s length income and capital gains tax provisions interact to determine the amount of statutory income that is non-arm’s length income | This Determination outlines our views as to how the non-arm’s length income and capital gains tax provisions interact in determining the amount of statutory income that is non-arm’s length where a capital gain arises as a result of non-arm’s length dealings. This Determination applies to years of income commencing both before and after its date of issue. |
CR 2024/44 | Pharmx Technologies Limited – return of capital | This Ruling sets out the income tax consequences for shareholders of Pharmx Technologies Limited who received the return of share capital payment of 75 cents per ordinary share held on 4 December 2023. This Ruling applies to shareholders specified in the Ruling from 1 July 2023 to 30 June 2024. |
NOTICE OF ERRATUM | ||
Ruling number | Subject | Brief description |
TR 2022/3 | Income tax: personal services income and personal services businesses | This Ruling amends Taxation Ruling TR 2022/3 to correct language. This Erratum applies from 23 November 2022. |