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 2017/12 | Income tax: capital gains: what is the date of acquisition (or disposal) of a CGT asset acquired (or disposed of) on the exercise of an option to which Division 134 of the Income Tax Assessment Act 1997 (ITAA 1997) applies? | The Determination sets out the Commissioner’s position on the date of acquisition (or disposal) of a CGT asset. The Determination applies to years of income commencing both before and after its date of issue. |
TD 2017/13 | Income tax: capital gains: if you build a dwelling on land that you acquired before 20 September 1985 (‘pre‑CGT’), are you required to make a choice under section 118‑150 of the Income Tax Assessment Act 1997 (ITAA 1997) to get the main residence exemption? | The Determination sets out the Commissioner’s position on main residence exemptions. The Determination applies to years of income commencing both before and after its date of issue. |
TD 2017/14 | Fringe benefits tax: for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986 what is the car parking threshold for the fringe benefits tax year commencing on 1 April 2017? | The Determination sets out the Commissioner’s position on the car parking threshold for the Fringe Benefits Tax year commencing on 1 April 2017. The Determination applies to the FBT year commencing on 1 April 2017. |
CR 2017/30 | Income tax: Tasmania Mines Limited – selective capital reduction and cancellation of shares | The Ruling sets out the Commissioner’s position for ordinary shareholders of Tasmania Mines Limited shares, other than Metroof Industries Pty Ltd. The Ruling applies from 1 July 2016 to 30 June 2017. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
TR 93/17 | Income tax: income tax deductions available to superannuation funds | The Addendum amends Taxation Ruling TR 93/17 to ensure the guidance provided in the Ruling is relevant to contemporary industry practices by clarifying the income tax treatment of certain expenses and adding content and examples in relation to the apportionment of those expenses. The Addendum applies to years commencing both before and after its date of issue. |
NOTICE OF WITHDRAWAL | ||
Ruling Number | Subject | Brief Description |
TR 2003/5 | Income tax and fringe benefits tax: public benevolent institutions | Withdrawn with effect from 17 May 2017. |