COMMISSIONER OF TAXATION
The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from Branches of the Australian Taxation Office or at http://law.ato.gov.au.
NOTICE OF RULINGS | ||
Ruling Number | Subject | Brief Description |
TD 2014/20 | Income tax: what is the benchmark interest rate applicable for the year of income that commenced on 1 July 2014 for the purposes of Division 7A of Part III of the Income Tax Assessment Act 1936 and how is it used? | The Determination sets out the Commissioner’s position for the benchmark interest rate applicable for the financial year commencing 1 July 2014.
The Determination applies to the income year commencing on 1 July 2014. |
PR 2014/16 | Income tax and fringe benefits tax: tax consequences for Employees and Employers under a LeasePlan novated vehicle lease | The Ruling sets out the Commissioner’s position on the execution of a LeasePlan Employee Vehicle Lease Agreement Standard Terms and a LeasePlan Novation Agreement pursuant to which a car is leased from LeasePlan Australia Limited.
The Ruling applies prospectively from 16 July 2014. |
NOTICE OF ERRATUM | ||
Ruling Number | Subject | Brief Description |
TR 2014/4 | Income tax: effective life of depreciating assets (applicable from 1 July 2014) | The Erratum corrects Taxation Ruling TR 2014/4 to correct certain page number references and spelling errors.
The Erratum applies on and from 1 July 2014. |