Notice of Rulings 22 December 2021
The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law
NOTICE OF RULINGS | ||
Ruling number | Subject | Brief description |
LCR 2021/3 | Temporary full expensing | This Ruling provides guidance on the application of the provisions for temporary full expensing of depreciating assets, introduced by the Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 and the Treasury Laws Amendment (2020 Measures No.6) Act 2020. This Ruling applies both before and after its date of issue. |
TR 2021/5 | Income tax: research and development tax offsets – the ‘at risk’ rule | This Ruling considers the provisions in the research and development (R&D) regime that prevent an R&D entity from notionally deducting expenditure that is not ‘at risk’. This Ruling applies both before and after its date of issue. |
TD 2021/9 | Income tax: JobKeeper payments received or expected as a result of research and development expenditure | This Determination sets out how the ‘at risk’ rule (section 355-405 of the Income Tax Assessment Act 1997) applies to JobKeeper payments received by a research and development entity under the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020. This Determination applies both before and after its date of issue. |
CR 2021/100 | Australian Sports Commission – dAIS athlete grants | This Ruling sets out the income tax consequences of payments made by the Australian Sports Commission to individuals under the dAIS athlete grant scheme. This Ruling applies from 1 July 2021 to 30 June 2026. |
CR 2021/101 | Western I.V.F. Pty Ltd – scrip for scrip roll-over | This Ruling sets out the income tax consequences for Western I.V.F. Pty Ltd shareholders who participated in a scrip for scrip arrangement with CHA SMG Australia Holding Pty Ltd. This Ruling applies from 1 July 2021 to 30 June 2022. |
NOTICE OF ADDENDUM | ||
Ruling number | Subject | Brief description |
CR 2015/19 | Income tax: grants provided by the Australian Sports Commission under dAIS | This Addendum amends CR 2015/19 to extend the Ruling’s end date by two years to 30 June 2023. This Addendum applies on and from 4 March 2015. |