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 |
CR 2016/12 | Fringe benefits tax: employers who are clients of United Airport Parking Pty Ltd and who enter into the Corporate Car Parking Agreement | The Ruling sets out the Commissioners position for employers who provide the private use of a car that they own or lease to an employee (or an associate) and enter into a Corporate Car Parking Agreement with United Airport Parking Pty Ltd. The Ruling applies from 1 April 2015 to 31 March 2020. |
CR 2016/13 | Income tax: return of capital by way of in specie distribution of shares in CYBG PLC by National Australia Bank Limited | The Ruling sets out the Commissioners position for holders of ordinary shares in National Australia Bank Limited who participate in the Scheme described within the Ruling. The Ruling applies from 1 July 2015 to 30 June 2016. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
LCG 2015/2 | Section 177DA of the Income Tax Assessment Act 1936: schemes that limit a taxable presence in Australia | The Addendum amends LCG 2015/2 to clarify the meaning of principal purpose within paragraph 9. The Addendum applies on and from 18 December 2015. |
TR 2014/7 | Income tax: foreign currency hedging transactions – applying the foreign income tax offset limit under section 770-75 of the Income Tax Assessment Act 1997 and determining the source of foreign currency hedging gains | The Addendum TR2014/7 to state the Commissioner’s view regarding the source of foreign currency hedging transactions gains for the purposes of Division 770 of the Income Tax Assessment Act 1997. The Addendum applies on and from 1 July 2015. |