The Commissioner of Taxation, Chris Jordan, gives notice of the following Rulings, copies of which can be obtained from ato.gov.au/law.
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
TD 2020/3 | Fringe benefits tax: what are the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2020? | This Determination sets the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the fringe benefits tax year commencing on 1 April 2020. This Determination applies from 1 April 2020 to 31 March 2021. |
TD 2020/4 | Fringe benefits tax: reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2020 | This Determination sets out the amounts the Commissioner considers reasonable, under section 31G of the Fringe Benefits Tax Assessment Act 1986, for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the fringe benefits tax year commencing on 1 April 2020. This Determination applies from 1 April 2020 to 31 March 2021. |
CR 2020/14 | SmarTrak Aust Pty Ltd booking system – use for FBT car logbook records and odometer records | This Ruling sets out the circumstances in which the logbook report and the odometer reading report that the SmarTrak Aust Pty Ltd booking system produces satisfies the legislative requirements for the purpose of calculating the taxable value of a car fringe benefit using the cost basis method. This Ruling applies from 1 April 2019 to 31 March 2024. |
CR 2020/15 | Sydney Metro – disturbance payments in respect of the construction of the Sydney Metro West | This Ruling sets out the income tax consequences of disturbance payments to be made by Sydney Metro in connection with the construction of the Sydney Metro West. This Ruling applies from 1 January 2020 to 31 December 2024. |
CR 2020/16 | Sydney Metro – disturbance payments in respect of the construction of the Sydney Metro Greater West | This Ruling sets out the income tax consequences of disturbance payments to be made by Sydney Metro in connection with the construction of the Sydney Metro Greater West. This Ruling applies from 1 January 2020 to 31 December 2024. |
CR 2020/17 | URB Investments Limited - partial scrip for scrip roll-over | This Ruling sets out the tax consequences for the Australian resident shareholders in URB Investments Limited who exchanged their shares on 20 December 2019 for stapled securities in 360 Captive Active REIT and 360 Captive Passive REIT. This Ruling applies from 1 July 2019 to 30 June 2020. |
CR 2020/18 | PS&C Limited – return of capital by way of in specie distribution | This Ruling sets out the tax consequences for shareholders of PS&C Limited who received a return of share capital on 29 January 2020 by way of an in specie distribution of shares in Tesserent Limited. This Ruling applies from 1 July 2019 to 30 June 2020. |
CR 2020/19 | Multiplex Development and Opportunity Fund – return of capital | This Ruling sets out the tax consequences for Multiplex Development and Opportunity Fund unitholders who received the return of capital on 5 March 2020. This Ruling applies from 1 July 2019 to 30 June 2020. |
PR 2020/2 | Income tax: taxation consequence of investing in C2 Gateway Deferred Purchase Agreement | This Ruling sets out the Commissioner’s view on the way in which the relevant provisions apply to the defined class of entities that take part in the C2 Gateway Deferred Purchase Agreement scheme. This Ruling applies from 25 March 2020. |
NOTICE OF WITHDRAWALS | ||
Ruling number | Subject | Brief description |
TD 2014/4 | Fringe benefits tax: for the purposes of section 135C of the Fringe Benefits Tax Assessment Act 1986, what is the exemption threshold for the fringe benefits tax year commencing on 1 April 2014? | This Determination is withdrawn with effect from 25 March 2020. |
TD 2014/5 | Fringe benefits tax: what is the benchmark interest rate to be used for the fringe benefits tax year commencing on 1 April 2014? | This Determination is withdrawn with effect from 25 March 2020. |
TD 2014/6 | Fringe benefits tax: what are the rates to be applied on a cents per kilometre basis for calculating the taxable value of a fringe benefit arising from the private use of a motor vehicle other than a car for the FBT year commencing on 1 April 2014? | This Determination is withdrawn with effect from 25 March 2020. |
TD 2014/9 | Fringe benefits tax: reasonable amounts under section 31G of the Fringe Benefits Tax Assessment Act 1986 for food and drink expenses incurred by employees receiving a living-away-from-home allowance fringe benefit for the FBT year commencing on 1 April 2014 | This Determination is withdrawn with effect from 25 March 2020. |
TD 2014/11 | 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 2014? | This Determination is withdrawn with effect from 25 March 2020. |