The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
TD 2020/7 | Income tax: can capital gains be included under subparagraph 770‑75(4)(a)(ii) of the Income Tax Assessment Act 1997 in calculating the foreign income tax offset limit? | This Determination confirms the Commissioner’s view that capital gains are not captured under subparagraph 770‑75(4)(a)(ii) of the Income Tax Assessment Act 1997 when calculating the foreign income tax offset limit. This Determination applies both before and after 26 August 2020, which was its date of issue. |
CR 2020/46 | The University of Wollongong – early retirement scheme 2020 | This Ruling sets out the tax consequences of the University of Wollongong’s early retirement scheme that commences on 2 September 2020. This Ruling applies from 2 September 2020 to 1 December 2020. |