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 2018/28 | Income tax: deductibility of donations to Bridge Housing Limited under a Payment Direction Deed | The Ruling sets out the Commissioner’s position on the deductibility of donations made to Bridge Housing Limited under a Payment Direction Deed. The Ruling applies from 30 June 2017 |
CR 2018/29 | Income tax: Tox Free Solutions Limited – Scheme of Arrangement and Special Dividend | The Ruling sets out the Commissioner’s positon on the shareholders of Tox Free Solutions Limited. The Ruling applies from 1 July 2017 to 30 June 2018 and continues to apply after 30 June 2018 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
TD 2018/8 | Income tax: capital gains: what is the improvement threshold for the 2018‑19 income year under section 108‑85 of the Income Tax Assessment Act 1997? | The Determination sets out the Commissioner’s position on capital gains and the improvement threshold for the 2018–19 income year under section 108‑85 of the Income Tax Assessment Act 1997. The Determination applies for the 2018–19 income year. |
TD 2018/9 | Income tax: deductibility of interest expenses incurred by a beneficiary of a discretionary trust on borrowings on‑lent interest‑free to the trustee | The Determination sets out the Commissioner’s position on the deductibility of interest expenses incurred by a beneficiary of a discretionary trust on borrowings on‑lent interest‑free to the trustee. The Determination applies to years of income commencing both before and after its date of issue. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
TD 93/142 | Income tax: in calculating the residual value of a leased item, may a lower residual value than those outlined in IT 28 be adopted in light of the more generous depreciation rates? | The Addendum amends amends Taxation Determination TD 93/142. The Addendum applies on and from 1 July 2002, except for paragraph 3A which applies on and from 1 July 2018. |
NOTICE OF WITHDRAWAL | ||
Ruling Number | Subject | Brief Description |
TD 2012/9 | 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 2012? | Withdrawn with effect from 20 June 2018 |