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 |
TR 2017/4 | Income tax: taxation of rights and retail premiums under renounceable rights offers where shares held on capital account | The Ruling sets out the Commissioner’s position on taxation of rights and retail premiums under renounceable rights offers where shares held on capital account. This Ruling applies to years of income both before and after its date of issue. |
TD 2017/19 | Income tax: what are the reasonable travel and overtime meal allowance expense amounts for the 2017 18 income year? | The Determination sets out the Commissioner’s position on reasonable travel and overtime meal allowance expense amounts for the 2017/18 income year. The Determination applies to the |
CR 2017/40 | Fringe benefits tax: employer clients of PBI Benefits Solutions Pty Ltd who are subject to the provisions of section 57A or 65J of the Fringe Benefits Tax Assessment Act 1986 whose employees make use of a PBI Solutions Everyday Purchases Card facility | The Ruling sets out the Commissioners position on employers, who are subject to the provisions of section 57A or section 65J of the FBTAA whose employees make use of a PBI Solutions Everyday Purchases Card facility. The Ruling applies from 1 April 2017. |
CR 2017/41 | Fringe benefits tax: employer clients of Smartgroup Corporation Ltd who are subject to the provisions of section 57A or 65J of the Fringe Benefits Tax Assessment Act 1986 that make use of the Smartgroup Everyday Purchases Card facility | The Ruling sets out the Commissioners position on employers, who are subject to the provisions of section 57A or section 65J of the FBTAA that make use of the Smartgroup Everyday Purchases Card facility. The Ruling applies from 1 April 2017. |
CR 2017/42 | Fuel tax credits: clients of Navman Wireless Australia Pty Ltd who use the GPS Data Report generated by FTC Manager for calculating kilometres travelled and the hours used by auxiliary equipment in or on a vehicle as a record for fuel tax credit purposes | The Ruling sets out the Commissioners position on FTC Manager clients of Navman Wireless Australia Pty Ltd who are registered for goods and services tax and who use the measurements from the ‘GPS Data Reports’ for apportioning fuel usage between activities in calculating the extent of their entitlement for fuel tax credits. This Ruling applies from 28 April 2017 to 30 June 2020. |
PR 2017/8 | Income tax: tax consequences of investing in the Macquarie Torque Swap | The Ruling sets out the Commissioners position on the tax consequences of investing in the Macquarie Torque Swap. This Product Ruling applies prospectively from 5 July 2017, the date it is published. It therefore applies only to the specified class of entities that enter into the scheme from 5 July 2017 until 30 June 2020, being its period of application. |
NOTICE OF ADDENDA | ||
Ruling Number | Subject | Brief Description |
TR 97/25 | Income tax: property development: deduction for capital expenditure on construction of income producing capital works, including buildings and structural improvements | It amends Taxation Ruling TR 97/25 to include ATO Interpretative Decisions ATO ID 2010/41 and ATO ID 2002/626 about farm accommodation expenditure exclusion. The Addendum applies to years commencing both before and after its date of issue. |