Advice under development – trust specific issues

We are developing advice and guidance on the following trust specific issues.

• [3942] Section 100A reimbursement agreements [UPDATED]

[3942] Section 100A reimbursement agreements

Title
Draft Taxation Ruling
Income tax: section 100A: reimbursement agreements – purpose and ordinary dealing exclusions

Registered
October 2018

Purpose
The draft Ruling will set out the Commissioner’s preliminary views on the exclusions from a ‘reimbursement agreement’ for:

• agreements not entered into with a purpose of eliminating or reducing someone’s income tax, and
• agreements entered into in the course of ordinary family or commercial dealings.

Expected completion
To be advised

Comments
Targeted consultation on this issue has commenced.

Contact
Justin Dearness, Tax Counsel Network
Phone: (07) 3213 5745
Justin.Dearness@ato.gov.au