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Taxation Ruling

TR 2005/12A1 - Addendum


Income tax: deductibility of interest expenses incurred by trustees on funds borrowed in connection with the payment of distributions to beneficiaries

Attention Please note that the PDF version is the authorised version of this ruling.
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Addendum

This Addendum is a public ruling for the purposes of the Taxation Administration Act 1953. It amends Taxation Ruling TR 2005/12 to update references to Taxation Rulings.

TR 2004/4 is amended as follows:

1. Contents list

Omit the table; substitute:

What this Ruling is about 1
Date of effect 3
Definitions 5
Ruling 6
Explanation 13
Examples 30
Detailed contents list 89

2. Paragraph 1

Omit '(the Act)'; substitute '(ITAA 1936)'.

3. Paragraph 3

Omit paragraph; substitute:

3. This Ruling applies to income years commencing both before and after its date of issue. However, this Ruling will not apply to taxpayers to the extent that it conflicts with the terms of a settlement of a dispute agreed to before the date of issue of this Ruling (see paragraphs 75 and 76 of Taxation Ruling TR 2006/10).

4. Paragraph 4

Omit the heading and paragraph.

5. Paragraphs 13, 36 and 55

Omit 'Act'; substitute 'ITAA 1936'.

6. Paragraph 89

Omit the word 'draft'.

7. Detailed contents list

Omit:

Previous Rulings 4

8. Relating Rulings/Determinations

Omit:

TR 92/1; 92/20; TR 97/16

Insert:

TR 2006/10

9. Legislative references

Omit 'Pt IVAAA'.

This Addendum applies on and from 22 March 2017.

Commissioner of Taxation

22 March 2017

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

References

ATO references:
NO  1-A8ODO8A

ISSN: 2205-6122

Business Line: TCN

 


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