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  • Advice under development – trust specific issues

    [3942] Section 100A reimbursement agreements

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

    Purpose
    This 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
    July 2021

    Comments
    Targeted consultation on this issue has commenced.

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

    See also

    Last modified: 29 Apr 2021QC 57882