COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from Branches of the Australian Taxation Office or at http://law.ato.gov.au.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
TD 2013/3 | Income tax: value of goods taken from stock for private use for the 2012-13 income year | The Determination provides an update of amounts that the Commissioner will accept as estimates of the value of goods taken from trading stock for private use by taxpayers in named industries. The Determination applies to the 2012-13 income year. |
PR 2013/1 | Income tax: MLC Limited – MLC Insurance – Income Protection Platinum | The Product Ruling outlines the tax consequences with regard to insurance benefits paid to Policy Owners in MLC Insurance issued by MLC Limited (MLC) in respect of the Income Protection Platinum cover. The Ruling applies prospectively from 1 July 2012. |
PR 2013/2 | Income tax and goods and services tax: tax consequences for a Seller and Buyer under a White Popi Option Agreement | The Product Ruling outlines the tax consequences for a seller and buyer under an Option Agreement (White Popi – Single and Joint Owner), or an option agreement (White Popi – Single and Joint Owner – Lump Sum Version) offered by Popi Management Pty Ltd. The Ruling applies prospectively from 6 February 2013. |