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Draft Taxation Ruling

TR 2005/5DCW

Income tax: ascertaining the right to tax United States (US) and United Kingdom (UK) resident financial institutions under the US and the UK Taxation Conventions in respect of interest income arising in Australia

  • Please note that the PDF version is the authorised version of this withdrawal notice.
    This draft update has been replaced by TR 2005/5DC2
    This document incorporates revisions made since original publication. View its history and amending notices, if applicable.

Notice of Withdrawal

Taxation Ruling TR 2005/5DC is withdrawn with effect from today.

1. This draft update, which issued on 28 November 2018, proposed changes to TR 2005/5 to clarify the Commissioner's view on certain aspects of the second limb of the definition of 'financial institution' as used in Australia's Double Taxation Conventions with the United States and the United Kingdom.

2. The proposed changes in that draft update are included in a further draft update to TR 2005/5 Income tax: ascertaining the right to tax United States (US) and United Kingdom (UK) resident financial institutions under the US and the UK Taxation Conventions in respect of interest income arising in Australia, which issued today. This update expands on the Commissioner's view in TR 2005/5DC. It has been issued in draft form to allow further community consultation and comment.

Commissioner of Taxation
21 September 2022

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