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Private binding rulings – are they worthwhile?

Taxation in Australia | 1 Oct 08
 
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Published on 01 Oct 08 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Many tax professionals counsel against taxpayers seeking a private binding ruling (PBR) on income tax issues from the Tax Office, except in fairly limited circumstances. This article provides some background as to why such views are held. It sets out the workings of the current PBR system and the advantages and disadvantages of obtaining and/or relying on a PBR.

Author profile

Helen Warner
Senior Advisor, Office of the Inspector-General ofÊTaxation, Helen holds aÊBachelor ofÊEconomics and Bachelor ofÊLaws (withÊHonours) from the University ofÊSydney. She is currently aÊSenior Adviser with the Inspector-General ofÊTaxation, where her role is to conduct investigations into the Australian Tax Office on matters ofÊtax administration. - Current at 01 October 2008
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