[4072] When a private or public ancillary fund ‘provides’ a ‘benefit’ [new]
Title
Draft Taxation Determination
Income tax: when does a private or public ancillary fund ‘provide’ a ‘benefit’?
Purpose
This draft Determination will provide the Commissioner’s preliminary view on when private or public ancillary funds are taken to have provided a ‘benefit’ for the purposes of subsections 15(4) and 22(3) of the Ancillary Fund Guidelines. Subsection 15(4) provides that annual distributions to eligible deductible gift recipients may be made by providing benefits, while subsection 22 (3) prohibits benefits being provided to certain related entities.
Expected completion
November 2025
Contact
Dexter Marcenko, Tax Counsel Network
Phone: (03) 6221 0000