Notice of Rulings 27 September 2023
The Acting Commissioner of Taxation, Jacqui Curtis, 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 2023/52 | Horizon Minerals Limited – distribution of shares in Richmond Vanadium Technology Limited | This Ruling sets out the income tax consequences for ordinary shareholders of Horizon Minerals Limited who received shares in Richmond Vanadium Technology Limited from Horizon on 5 December 2022. This Ruling applies from 1 July 2022 to 30 June 2023. |
TR 2023/3 | Income tax: expenses associated with holding vacant land | This Ruling explains the Commissioner’s view of the application of and some of the exclusions of section 26-102 of the Income Tax Assessment Act 1997. This Ruling will be effective from 1 July 2019. |
NOTICE OF ADDENDA | ||
Ruling number | Subject | Brief description |
PR 2022/7 | Bell Equity Lever – instalment receiptss | This Addendum amends Product Ruling PR 2022/7 to incorporate a new Product Disclosure Statement. This Addendum applies before and after its date of issue. |
TR 2022/4 | Income tax: section 100A reimbursement agreements | This Addendum amends Taxation Ruling TR 2022/4 to reflect the recent Full Federal Court decisions in Commissioner of Taxation v Guardian AIT Pty Ltd ATF Australian Investment Trust [2023] FCAFC 3 and B&F Investments Pty Ltd ATF the Iluka Park Trust v Commissioner of Taxation [2023] FCAFC 89. This Addendum applies before and after its date of issue. |