• Project Refresh updates – completed

    The following updates have been completed through Project Refresh:

    2017

    The following rulings were updated on 29 March 2017

    • TR 98/1 Income tax: determination of income; receipts versus earnings
    • TR 98/21 Income tax: withholding tax implications of cross border leasing arrangements

    The following rulings were updated on 22 March 2017

    • TR 92/4 Income tax: whether losses on isolated transactions are deductible
    • TD 93/146 Income tax: should a resident deduct withholding tax from interest payable under a loan from a non-resident if there is no actual payment of the interest?
    • TR 2003/13 Income tax: eligible termination payments (ETP): payments made in consequence of the termination of any employment: meaning of the phrase 'in consequence of'
    • TR 2004/4 Income tax: deductions for interest incurred prior to the commencement of, or following the cessation of, relevant income earning activities
    • TR 2005/12 Income tax: deductibility of interest expenses incurred by trustees on funds borrowed in connection with the payment of distributions to beneficiaries
    • TR 2005/16 Income tax: Pay As You Go – withholding from payments to employees

    The following ruling was updated on 31 August 2016

    • TD 2012/21 Income tax: does CGT event E1 or E2 in sections 104-55 or 104-60 of the Income Tax Assessment Act 1997 happen if the terms of a trust are changed pursuant to a valid exercise of a power contained within the trust's constituent document, or varied with the approval of a relevant court?  
    Last modified: 13 Apr 2017QC 51347