COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from http://ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
CR 2018/40 | Income tax: demerger of GlyTherix Ltd by Minomic International Limited | The Ruling sets out the Commissioner’s position on the holders of shares in the demerger of GlyTherix Ltd by Minomic International Limited. The Ruling applies from 1 July 2018 to 30 June 2019 and will continue to apply after 30 June 2019 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
LCR 2018/7 | Residential premises deductions: travel expenditure relating to rental investment properties | The Ruling sets out the Commissioner’s position on travel expenses relating to rental investment properties. The Ruling applies on or after 1 July 2017. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
CR 2010/14 | Income tax: Seven Group Holdings Limited – Transferable Extendable Listed Yield Shares 4 | The Addendum amends CR 2010/14 to reflect an amendment to the TELYS4 Terms that provides for the Conversion of the TELYS4. The Addendum applies on and from 25 September 2018. |
LCR 2017/1 | Superannuation reform: capped defined benefit income streams – pensions or annuities paid from non-commutable, life expectancy or market linked products | The Addendum amends Law Companion Ruling LCR 2017/1 to correct a statement that suggests that a transfer balance credit with respect to a market linked pension commenced on or after 1 July 2017 will be calculated by reference to a special value. It also clarifies the position concerning a transfer balance credit that arises in respect of a reversionary life expectancy or market linked pension or annuity in certain circumstances. The Addendum applies on and from 28 April 2017. |