Vol 35 No 11 TIB December 2023
Interpretation statements
- IS 23/08: Goods and Services Tax – Unit title bodies corporate
- IS 23/09: Research and development loss tax credits
- IS 23/10: Deductibility of holding costs for land
Technical decision summary
- TDS 23/13: Changing FIF calculation methods
Legal decisions - case summary
- CSUM 23/04: TRA finds disputant to be in a de facto relationship and upholds Commissioner’s WfFTC assessments
BR Prd 23/05 Everlasting Nominees Limited
This Ruling applies to the transfer of Digital Assets into Everlasting’s Estate or Staking investment products in circumstances where the Client does not hold the Digital Assets in a business of dealing in cryptocurrency, but the Client’s Digital Assets were originally acquired for the dominant purpose of disposal. This Ruling also applies to subsequent transfers out of the Estate and Staking investment products (eg to beneficiaries).
See also:
BR Prd 23/03: Everlasting Nominees Limited (transfers of cryptoassets from a business of dealing into Everlasting products)
BR Prd 23/04: Everlasting Nominees Limited (transfers of cryptoassets that were not acquired for the purpose of disposal into Everlasting products)
BR Prd 23/04 Everlasting Nominees Limited
This Ruling applies to a transfer of Digital Assets into Everlasting’s Estate or Staking investment products in circumstances where the Client does not hold the Digital Assets in a business of dealing in cryptocurrency, and did not originally acquire the Digital Assets for the dominant purpose of disposal. This Ruling also applies to subsequent transfers out of the Estate and Staking investment products (eg to beneficiaries).
See also:
BR Prd 23/03: Everlasting Nominees Limited (transfers of cryptoassets from a business of dealing into Everlasting products)
BR Prd 23/05: Everlasting Nominees Limited (transfers of cryptoassets that were acquired for the purpose of disposal into Everlasting products)
BR Prd 23/03 Everlasting Nominees Limited
This Ruling applies to a transfer of Digital Assets from a business of dealing in cryptocurrency into Everlasting’s Estate or Staking investment products, and subsequent transfers out of those products (eg to beneficiaries).
See also:
BR Prd 23/04: Everlasting Nominees Limited (transfers of cryptoassets that were not acquired for the purpose of disposal into Everlasting products)
BR Prd 23/05: Everlasting Nominees Limited (transfers of cryptoassets that were acquired for the purpose of disposal into Everlasting products)
TDS 23/19 Income Tax – Omitted income and liability for shortfall penalties
TDS 23/18 Income Tax – Omitted income and liability for shortfall penalties
TDS 23/17 Income Tax – Omitted income and liability for shortfall penalties
TDS 23/16 Income Tax and GST – Omitted business income and liability for shortfall penalties
TDS 23/15 Income Tax and GST – Omitted business income and liability for shortfall penalties
TDS 23/14 Omitted income, shortfall penalties
Reference | Title | Closes |
---|---|---|
PUB00443 | Foreign investment fund (FIF) calculation methods in cases of non-compliance | 07 December 2023 |
PUB00427 | When is a subdivision project a “taxable activity” for GST purposes? | 18 December 2023 |
Consultation closing soon
PUB00443: Foreign investment fund (FIF) calculation methods in cases of non-compliance
Closing 7 December 2023
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