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 |
TD 2018/1 | Fringe benefits tax: for the purposes of section 28 of the Fringe Benefits Tax Assessment Act 1986 what are the indexation factors for valuing non‑remote housing for the fringe benefits tax year commencing on 1 April 2018? | The Determination sets out the Commissioner’s position on the indexation factors for valuing non-remote housing for the fringe benefits tax year commencing on 1 April 2018? The Determination applies to the FBT year commencing 1 April 2018. |
TD 2018/2 | Fringe benefits tax: what is the benchmark interest rate to be used for the fringe benefits tax year commencing on 1 April 2018? | The Determination sets out the Commissioner’s position on the benchmark interest rate to be used for the fringe benefits tax year commencing on 1 April 2018? The Determination applies to the FBT year commencing 1 April 2018. |
TD 2018/3 | Fringe benefits tax: reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2018 | The Determination sets out the Commissioner’s position on reasonable amounts for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2018. The Determination applies to the FBT year commencing 1 April 2018. |
TD 2018/4 | Fringe benefits tax: what are the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2018? | The Determination sets out the Commissioner’s position on rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2018? The Determination applies to the FBT year commencing 1 April 2018. |
TD 2018/5 | Fringe benefits tax: for the purposes of section 135C of the Fringe Benefits Tax Assessment Act 1986, what is the exemption threshold for the fringe benefits tax year commencing on 1 April 2018? | The Determination sets out the Commissioner’s position on what is the exemption threshold for the fringe benefits tax year commencing on 1 April 2018? The Determination applies to the FBT year commencing 1 April 2018. |
CR 2018/13 | Fringe benefits tax: employer clients of the Eclipx Group who participate in its bus travel benefit scheme | The Ruling sets out the Commissioner’s position employers who are clients of Eclipx Group Limited, FleetPlus Pty Limited and Fleet Partners Pty Limited that provide a smartcard to their employees to facilitate travel on buses between the employees’ places of residence and their places of employment. The Ruling applies from 1 April 2017 to 31 March 2023. |
PR 2018/4 | Income tax: taxation consequences of changing the portfolio structure, contributing to and partially redeeming an investment in a unit in the Perpetual WealthFocus Investment Advantage Fund | The Ruling sets out the Commissioner’s position on taxation consequences of changing the portfolio structure, contributing to and partially redeeming an investment in a unit in the Perpetual WealthFocus Investment Advantage Fund. The Ruling applies prospectively from 1 July 2018 and applies only to the specified class of entities that enter into the scheme from 1 July 2018 until 30 June 2021, being its period of application. The Ruling will continue to apply to those entities even after its period of application for schemes entered into during the period of application. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
PR 2015/4 | Income tax: tax consequences of changing the portfolio structure, contributing to and partially redeeming an investment in a unit in the Perpetual WealthFocus Investment Advantage Fund | The Addendum amends Product ruling PR 2015/4 to incorporate the issue of new scheme documents and the Fund’s election into the Attribution Managed Investment Trust regime. The Addendum applies on and from 8 April 2015. |