Notice of Rulings 5 July 2023

NOTICE OF RULINGS

Ruling number

Subject

Brief description

TD 2023/4

Income tax: use of an individual’s fame by related entities

This Determination applies to arrangements where an individual with fame establishes an entity and enters into an agreement with that entity for the use of their name, image, likeness, identity, reputation and signature.

This Determination applies to years of income commencing both before and after its date of issue.

CR 2023/34

The Illawarra Community Housing Trust Ltd – deductibility of donations made under a payment direction deed

This Ruling sets out the income tax consequences of a landlord paying donation amounts to the Illawarra Community Housing Trust Ltd by way of a payment direction deed.

This Ruling applies from 1 July 2022.

CR 2023/35

Tasmanian Irrigation Pty Ltd – water entitlements roll-over

This Ruling sets out the income tax consequences for water entitlement holders in any of the 3 South East Irrigation Schemes who convert their water entitlements to the Greater South East Irrigation Scheme located in Tasmania.

This Ruling applies from 1 July 2022 to 30 June 2024.

CR 2023/36

YWCA Canberra – deductibility of donations under a payment direction deed

This Ruling sets out the income tax consequences of a landlord paying donation amounts to YWCA Canberra by way of a payment direction deed.

This Ruling applies from 1 July 2023 to 30 June 2028.