Notice of Rulings 20 January 2021
The Commissioner of Taxation, Chris Jordan, 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 |
CR 2021/3 | Intelematics Australia Pty Limited CONNECT tracking and fleet management solution – use for FBT car logbook and odometer records | This Ruling sets out when Intelematics Australia Pty Limited’s CONNECT tracking and fleet management solution can be utilised to reduce the operating costs in both a logbook and non-logbook year of tax for the purposes of calculating the fringe benefits tax taxable value of a car fringe benefit using the cost basis method. This Ruling applies from 1 November 2020 to 31 March 2025. |
CR 2021/4 | PM Capital Global Opportunities Fund Limited – off‑market share buy‑back | This Ruling sets out the tax consequences for Australian-resident shareholders of PM Capital Global Opportunities Fund Limited who participated in the off-market share buy-back that was announced on 13 August 2020. This Ruling applies from 1 July 2020 to 30 June 2021. |
CR 2021/5 | PM Capital Asian Opportunities Fund Limited – off-market share buy back | This Ruling sets out the tax consequences for shareholders of PM Capital Asian Opportunities Fund Limited who participated in the off-market share buy-back that was announced on 13 August 2020. This Ruling applies from 1 July 2020 to 30 June 2021. |