| Disclaimer 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: 1052044063487
Date of advice: 17 November 2022
Ruling
Subject: Fixed trust
Relevant facts and circumstances
The taxpayer applied for a private ruling on the application of:
• former subsections 160APHL(11) and 160APHL(14) of the Income Tax Assessment Act 1936 (ITAA 1936)
• paragraph 272-5(3) of Schedule 2F to the ITAA 1936
• section 272-65 of Schedule 2F of the ITAA 1936; and
• subsection 995-1(1) of the Income Tax Assessment Act 1997.
A ruling was issued in respect of the relevant provisions.
Relevant legislative provisions
Income Tax Assessment Act 1936 former subsection 160APHL(11)
Income Tax Assessment Act 1936 former subsection 160APHL(14)
Income Tax Assessment Act 1936 paragraph 272-5(3) of Schedule 2F
Income Tax Assessment Act 1936 section 272-65 of Schedule 2F
Income Tax Assessment Act 1997 subsection 995-1(1)