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 2018/36 | Income tax: St George channel scheme – receipt of membership interests in Mallawa Irrigation Limited | The Ruling sets out the Commissioner’s position on recipients of a membership interest in Mallawa Irrigation Limited on 1 July 2018. The Ruling applies from 1 July 2017 to 30 June 2019. The Ruling continues to apply after 30 June 2019 to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
CR 2018/37 | Fringe benefits tax: employers using the EROAD System for car log book and odometer records | The Ruling sets out the Commissioner’s position on employers who use the EROAD System for car log book record and odometer record keeping requirements. The Ruling applies from 22 August 2018 to 31 March 2023. The Ruling continues to apply to all entities within the specified class who entered into the specified scheme during the term of the Ruling. |
GSTR 2018/1 | Goods and Services Tax: supplies of real property connected with the indirect tax zone (Australia) | The Ruling sets out the Commissioner’s position on when a supply of real property is connected with the indirect tax zone under subsection 9-25(4) of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act). The Ruling applies from 22 August 2018. |
PR 2018/9 | Income tax and goods and services tax: tax consequences for an Owner entering into a concurrent lease with Future Rent Pty Ltd | The Ruling sets out the Commissioner’s position on the tax consequences of entering into a concurrent lease with Future Rent Pty Ltd (Future Rent) or a subsidiary of Future Rent over a property that is subject to a current residential tenancy agreement. The Ruling applies prospectively from 22 August 2018. It therefore applies only to the specified class of entities that enter into the scheme from 22 August 2018 until 30 June 2021, being its period of application. |
PR 2018/10 | Income tax and goods and services tax: tax consequences for a Participant in an urBau joint venture project | The Ruling sets out the Commissioner’s position on participating in a joint venture scheme offered by urBau Pty Ltd. The Ruling applies prospectively from 22 August 2018. It therefore applies only to the specified class of entities that enter into the scheme from 22 August 2018 until 30 June 2021, being its period of application. |
TR 2018/6 | Income tax: trust vesting – consequences of a trust vesting | The Ruling sets out the Commissioner’s position on the immediate income tax consequences of a trust vesting and discusses certain issues that can arise when the vesting date of a trust is mistakenly thought to have been extended. The Ruling applies both before and after its date of issue. |
NOTICE OF WITHDRAWAL | ||
Ruling Number | Subject | Brief Description |
GSTD 2004/3 | Goods and services tax: Is a supply of rights to accommodation a supply of real property for the purposes of the A New Tax System (Goods and Services Tax) Act 1999? | Withdrawn with effect from 22 August 2018. |