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 2017/1 | Income tax: capital gains: can intangible capital improvements made to a pre-CGT asset be a separate asset for the purpose of subsections 108-70(2) or (3) of the Income Tax Assessment Act 1997 (ITAA 1997)? | The Determination sets out the Commissioners position on whether, intangible capital improvements can be a separate CGT asset from the pre-CGT asset to which those improvements are made if the relevant thresholds are satisfied. The Determination applies to years of income commencing both before and after its date of issue. |
CR 2017/5 | Income tax: IMB Ltd – Off-market share buy-back | The Ruling sets out the Commissioners position for ordinary shareholders of IMB Ltd. The Ruling applies from 1 July 2016 to 30 June 2017. |
CR 2017/6 | Income tax: Insurance Australia Group Limited – issue of IAG Capital Notes | The Ruling sets out the Commissioners position for investors who are issued IAG Capital Notes by Insurance Australia Group Limited. The Ruling applies from 1 July 2016 to 30 June 2026. |
NOTICE OF ADDENDUM | ||
Ruling Number | Subject | Brief Description |
GSTD 2006/1 | Goods and services tax: is a payment from a non-resident car manufacturer to an Australian distributor under an offshore warranty chargeback arrangement subject to GST? | The Addendum amends Goods and Services Tax Determination GSTD 2006/1 to remove references to GSTD 2006/2 which is now withdrawn. The Addendum applies on and from 25 January 2017. |
NOTICE OF WITHDRAWALS | ||
Ruling Number | Subject | Brief Description |
GSTD 2006/2 | Goods and services tax: does an Australian entity make a taxable supply when it supplies repair services under a warranty given by a non-resident manufacturer? | Withdrawn with effect from 25 January 2017. |
TD 92/105 | Income tax: is eligible training expenditure as defined in the Training Guarantee (Administration) Act 1990 incurred by an employer who carries on business an allowable income tax deduction? | Withdrawn with effect from 25 January 2017. |
TD 93/25 | Income tax: are payments to concrete pump truck operators within the building and construction industry liable to deductions of tax under the Prescribed Payments System (PPS)? | Withdrawn with effect from 25 January 2017. |
TD 93/98 | Income tax: when do the final royalty withholding tax provisions first apply? | Withdrawn with effect from 25 January 2017. |
TD 93/102 | Income tax: does a person cease to be engaged in a course of full-time education for the purposes of the pro-rating of the tax-free (zero rate) threshold when the person joins the Australian Defence Force Academy? | Withdrawn with effect from 25 January 2017. |
TD 94/31 | Income tax: capital gains: what is meant by the term "original beneficial owner" as used in subsection 160ZZI(3) of the Income Tax Assessment Act 1936 (the Act)? | Withdrawn with effect from 25 January 2017. |
TD 94/32 | Income tax: capital gains: where no amount of money or other consideration is given for the acquisition of any of the rights, or an interest in any of the rights, under a policy of life assurance, and the person acquiring such rights is not the original beneficial owner, will subsection 160ZH(9) of the Income Tax Assessment Act 1936 deem market value consideration in subsection 160ZZI(3)? | Withdrawn with effect from 25 January 2017. |
TD 94/33 | Income tax: capital gains: is exemption under section 160ZZI of the Income Tax Assessment Act 1936 limited to the disposal of the right under a policy of life assurance that results from those acts, transactions or events listed in subsection 160ZZI(4)? | Withdrawn with effect from 25 January 2017. |
TD 98/2 | Income tax: capital gains: what are the taxation consequences for an individual resident shareholder who accepted the share buy-back offer made by the Commonwealth Bank of Australia (CBA) on 1 December 1997? | Withdrawn with effect from 25 January 2017. |
TD 98/15 | Income tax: capital gains: what are the capital gains consequences for an Australian resident individual shareholder who sells their original allocation of shares in AMP Limited? | Withdrawn with effect from 25 January 2017. |
TD 98/16 | Income tax: capital gains: what are the capital gains consequences for an Australian resident individual shareholder who transfers their original allocation of shares in AMP Limited to a related party? | Withdrawn with effect from 25 January 2017. |
TD 98/25 | Income tax: capital gains: is there a CGT event when an investor pays the final instalment under the Commonwealth Bank of Australia (CBA) and Telstra public share offers and the shares are transferred to the investor? | Withdrawn with effect from 25 January 2017. |
TD 1999/6 | Income tax: what is the purpose of sections 279E and 289A of the Income Tax Assessment Act 1936 (ITAA 1936)? | Withdrawn with effect from 25 January 2017. |