[4083] Rental properties [new]
Title
Draft Taxation Ruling
Rental property income and deductions for individuals who are not in business
Purpose
This guidance will replace Taxation Ruling IT 2167 Income Tax: rental properties – non-economic rental, holiday home, share of resident, etc. cases, family trusts cases. This guidance will also provide the Commissioner's view on the application of section 26-50 of the Income Tax Assessment Act 1997, which is an integrity rule relating to the use of holiday homes.
Expected completion
Mid 2026
Comments
Targeted consultation has been undertaken and public consultation is expected to commence in November 2025.
Contact
Ruth Geary, Individuals and Intermediaries
Phone: (02) 6058 7157
Title
Draft Practical Compliance Guideline
Apportionment of rental property deductions – ATO compliance approach
Purpose
This Guideline will complement the draft Ruling and explain our compliance approach regarding apportionment of deductions on a ‘fair and reasonable’ basis where the integrity rule relating to holiday homes does not apply.
Expected completion
Mid 2026
Comments
Targeted consultation has been undertaken and public consultation is expected to commence in November 2025.
Contact
Ruth Geary, Individuals and Intermediaries
Phone: (02) 6058 7157
Title
Draft Practical Compliance Guideline
Application of section 26-50 to rental properties which are used for holidays or recreation (‘holiday homes’)
Purpose
This Guideline will complement the draft Ruling and explain our compliance approach regarding the integrity rule relating to holiday homes.
Expected completion
Mid 2026
Comments
Targeted consultation has been undertaken and public consultation is expected to commence in November 2025.
Contact
Ruth Geary, Individuals and Intermediaries
Phone: (02) 6058 7157
[4115] Personal services business and Part IVA [updated]
Title
Final Practical Compliance Guideline
Personal services businesses and Part IVA of the Income Tax Assessment Act 1936
Purpose
This Guideline explains when we are more likely to apply resources to consider the potential application of Part IVA of the Income Tax Assessment Act 1936 (the general anti-avoidance provisions of the income tax law) to an alienation arrangement where personal services income of an individual is derived through a personal services entity that is conducting a personal services business.
Expected completion
November 2025
Comments
Draft Practical Compliance Guideline PCG 2024/D2 Personal services businesses and Part IVA of the Income Tax Assessment Act 1936 published on 28 August 2024. Comments period closed on 11 October 2024.
Contact
Sally Cummins, Small Business
Phone: (07) 3213 3299
[4146] Positions in relation to shares or interest in shares
Title
Draft Taxation Determination
Income tax: imputation: identification of which shares or interest in shares a ‘position’ is in relation to
Purpose
This draft Determination will set out the Commissioner’s preliminary view in identifying the relevant shareholdings when applying the integrity rules under Division 1 A of former Part IIIAA of the Income Tax Assessment Act 1936.
Expected completion
October 2025
Contact
Jay Gao, Public Groups
Phone: (02) 9374 5168
Title
Draft Practical Compliance Guideline
Arrangements that may reduce your economic exposure to a subset of your shares or interest in shares and impact on your franking credit tax offsets
Purpose
This draft Guideline will set out our compliance approach in allocating resources to consider the application of Division 1 A of former Part IIIAA of the Income Tax Assessment Act 1936 to arrangements where taxpayers have used financial derivative instruments to reduce the economic exposure to their Australian shares.
Expected completion
October 2025
Contact
Jay Gao, Public Groups
Phone: (02) 9374 5168
[4191] Significant global entities – ATO compliance approach for privately owned and wealthy groups [new]
Title
Draft Practical Compliance Guideline
Significant global entities – ATO compliance approach for privately owned and wealthy groups
Purpose
This draft Guideline will outline our compliance approach to the reporting of significant global entity status for entities that are members of privately owned and wealthy groups.
It will not apply to publicly owned or foreign-controlled groups.
Expected completion
November 2025
Contact
David Kasmarik, Private Wealth
Phone: (02) 9374 8414