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You cannot rely on this record in your tax affairs. It is not binding and provides you with no protection (including from any underpaid tax, penalty or interest). In addition, this record is not an authority for the purposes of establishing a reasonably arguable position for you to apply to your own circumstances. For more information on the status of edited versions of private advice and reasons we publish them, see PS LA 2008/4.

Edited version of private advice

Authorisation Number: 1051793136245

Date of advice: 23 December 2020

Ruling

Subject: Purchase and lease of new residential premises

The Commissioner has issued a ruling on the purchase of new residential premises and the subsequent lease of premises.