ATO Private Ruling 88920
ATO Private Ruling 88920 - Where a car fringe benefit is provided to an employee and a car allowance is paid, does a subsequent recipient's payment reduce the taxable value of the car fringe benefit?
A private ruling is binding advice that sets out how a tax law applies to you in relation to a specific scheme or circumstance.
The easiest way to submit your ruling application is by using one of our forms. They will help you provide the information we need to complete a private ruling. Follow these steps:
- Download the appropriate private ruling application form.
- Complete the private ruling application form and attach all the required information.
- Lodge your application.
We may decline to give a private ruling in some circumstances, including if:
- we're considering, or have already considered, this issue for you – for example
- in an audit relating to the particular question
- where you have objected to a decision on the same matter
- where we have decided the matter when making an assessment
You can apply for a private ruling when you want to be certain how a tax law applies to your particular circumstances.
Hunter Partners are Accountants, Tax Agents and Financial Planners. We can assist you with all aspect of your accounting, tax and financial planning requirements, call Hunter Partners on (07) 4723-1223.