Notice of Rulings 13 October 2021 (Cth)

Notice of Rulings 13 October 2021 The Commissioner of Taxation, Chris Jordan, gives notice by notifiable instrument under subsection 358-5(4) of Schedule 1 to the Taxation Administration Act 1953 of the following public rulings, copies of which can be obtained from ato.gov.au/law

NOTICE OF RULINGS Ruling number Subject Brief description TD 2021/7 Income tax: aggregated turnover – calculating the annual turnover of a connected entity or affiliate with a different accounting period to you This Ruling supports entities in calculating their aggregated turnover for an income year where the accounting period of entities connected with them, or that are their affiliates, are not aligned. This Ruling applies both before and after its date of issue. CR 2021/67 Primewest (HICT) Pty Ltd – return of capital This Ruling sets out the income tax consequences for Primewest (HICT) Pty Ltd shareholders who received a return of capital from Home Investment Consortium Trust on 8 January 2021. This Ruling applies from 1 July 2020 to 30 June 2021. CR 2021/68 FAR Ltd – return of capital This Ruling sets out the income tax consequences for FAR Ltd shareholders who received a return of capital payment on 28 September 2021. This Ruling applies from 1 July 2021 to 30 June 2022. CR 2021/69 Latitude Group Holdings Limited – Latitude Capital Notes This Ruling sets out the income tax consequences for entities who subscribed for and acquired Latitude Capital Notes issued by Latitude Group Holdings Limited. This Ruling applies from 1 July 2021 to 30 June 2027.