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 |
TR 2015/3 | Income tax: matters relating to strata title bodies constituted under strata title legislation | The Ruling applies to strata title bodies and persons that own strata title lots in a strata scheme and explains specific income tax issues that affect strata schemes as detailed within the Ruling. With the exception of paragraph 21 of the Ruling, the Ruling applies to all strata title schemes for the years of income commencing both before and after its date of issue. |
TR 2015/4 | Income tax: CGT small business concessions: unpaid present entitlements and the maximum net asset value test | The Ruling sets out the Commissioner’s preliminary views on how an unpaid present entitlement of a beneficiary connected with a trust is treated for the purposes of working out whether the trust satisfies the maximum net asset value test in section 152‑15 of the Income Tax Assessment Act 1997. The Ruling applies to years of income commencing both before and after its date of issue. |
TD 2015/20 | Income tax: Division 7A: is a release by a private company of its unpaid present entitlement a ‘payment’ within the meaning of Division 7A of Part III of the Income Tax Assessment Act 1936? | The Determination concludes that a release by a private company of all or part of its unpaid present entitlement is a ‘payment’ within the meaning of Division 7A of Part III of the Income Tax Assessment Act 1936? The Determination applies to years of income commencing both before and after its date of issue. |
CR 2015/100 | Income tax: EcoBiotics Limited - demerger of QBiotics Limited | The Ruling sets out the Commissioners position for shareholders of EcoBiotics Limited. The Ruling applies from 1 July 2015 to 30 June 2016. |
CR 2015/101 | Income tax: Qantas Airways Limited - capital return and share consolidation | The Ruling sets out the Commissioners position for ordinary shareholders of Qantas Airways Limited. The Ruling applies from 1 July 2015 to 30 June 2016. |
CR 2015/102 | Income tax: Equity Trustees Limited - exchange of shares for shares in EQT Holdings Limited | The Ruling sets out the Commissioners position for ordinary shareholders of Equity Trustees Limited. The Ruling applies from 1 July 2015 to 30 June 2016. |
CR 2015/103 | Income tax: TGR Biosciences Pty Ltd – return of capital | The Ruling sets out the Commissioners position for ordinary shares in TGR Biosciences Pty Ltd. The Ruling applies from 1 July 2015 to 30 June 2016. |
NOTICE OF WITHDRAWAL | ||
Ruling Number | Subject | Brief Description |
TR 2004/8W | Income tax and fringe benefits tax: health promotion charities | The Ruling is withdrawn with effect from 25 November 2015. |