Australian Taxation Office
New or updated materials on ATO website, including
- TD 2015/10: Section 974-80 (equity over-ride rule) does not apply merely because a company has issued a debt interest to a listed property trust within the same stapled property group
- Class and Product ruling issued yesterday
In a Q&A session yesterday, the Treasurer hinted at further measures in the upcoming Federal Budget to assist start-ups, saying "there are a number of things we can do to help start-ups and we'll be saying more about that in the upcoming Budget". The Treasurer also confirmed that negotiation of a new tax treaty with Israel will be "at the forefront of our activity in the not-too-distant future".
Transition of tax complaints to IGOT
In accordance with the measures enacted in Tax and Superannuation Laws Amendment (2014 Measures No 7) Act 2015, the tax investigative and complaint handling function of the Commonwealth Ombudsman will transfer to the Inspector General of Taxation (IGOT) from 1 May 2015.
Consumer Price Index (CPI)
The CPI for March 2015 quarter is 106.8