Australian Taxation Office
New or updated materials on ATO website, including:
- Agricultural Land Register - including forms and instructions to notify the ATO of existing foreign agricultural land interests by 31 December 2015
- PAYG instalments - GDP adjustment for 2015-16 is 3%
- Updated: Test Case Litigation Register, as at 26 June 2015, includes one new approved test case concerning the application of the small business CGT concessions in relation to shares in a company that has multiple share classes with discretionary dividend rights.
Developing country relief funds
The Assistant Treasurer has declared certain funds to be developing country relief funds for deductible gift purposes (under s30-85(2) of ITAA 1997), and revoked the designation of other certain funds under s30-85(4).