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.

CR 2018/21

Income tax:  Pepper Group Limited Scheme of Arrangement and Payment of Special Dividend

The Ruling sets out the Commissioner’s position of shareholders of Pepper Group Limited Scheme of Arrangement and Payment of Special Dividend.

The Ruling applies from 1 July 2017 to 30 June 2018 and continues to apply after 30 June 2018 to all entities within the specified class who entered into the specified scheme during the term of the Ruling.

TD 2018/6

Income tax:  what is the car limit under section 40‑230 of the Income Tax Assessment Act 1997 for the 2018–19 financial year?

The Determination sets out the Commissioner’s position on what is the car limit under section 40‑230 of the Income Tax Assessment Act 1997 for the 2018–19 financial year?

The Determination applies for the financial year commencing on 1 July 2018.

TD 2018/7

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 2018?

The Determination sets out the Commissioner’s position on what the car parking threshold for the fringe benefits tax year commencing on 1 April 2018 is for the purposes of section 39A of the Fringe Benefits Tax Assessment Act 1986.

The Determination applies to the FBT year commencing on 1 April 2018.

LCTD 2018/1

Luxury car tax:  what is the luxury car tax threshold and the fuel-efficient car limit for 2018–19 financial year?

The Determination sets out the Commissioner’s position on what the luxury car tax threshold and the fuel-efficient car limit is for the  2018–19 financial year.

The Determination applies to the financial year commencing 1 July 2018.

 

PR 2015/3

Income tax:  deductibility of interest in relation to investment in units in the Macquarie Flexi 100 Trust issued on or before 30 June 2018 – Flexi Professional

The Addendum amends Product Ruling PR 2015/9 to incorporate additional Product Disclosure Statement and Policy Terms documents.

The Addendum applies on and from 1 April 2015.

PR 2017/2

Income tax:  deductibility of interest in relation to investment in units in the Macquarie Flexi 100 Trust issued on or before 30 June 2020

The Addendum amends Product Ruling PR 2017/2 to incorporate a draft Security Trust Deed received on 27 March 2018 as a scheme document.

The Addendum applies on and from 5 April 2017.

 

TD 2012/16

Income tax:  what is the car limit for the 2012–13 financial year?

Taxation Determination TD 2012/16 is withdrawn with effect from 23 May 2018.