shopping_cart

Your shopping cart is empty

Private Rulings – Are they worth it? presentation

Member Price: Free
Non Member Price: $15.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 19 May 22

This presentation will arrive at an answer to the framing question by considering the legislative framework and case law in order to understand the scope of the Private Ruling system, its uses and limitations.

This presentation covers:

  • Division 359 – what is a private ruling, how do you get one, what is the effect of a private ruling, what can you do if you are dissatisfied with one, other specific references to the private rulings in the Act
  • ATO guidance – ATO public statements on private rulings, relationship to the law
  • Case law – issues that have been litigated, what the cases tell us about the limitations and benefits of the private rulings system
  • Brief comparison of the Private Ruling system with other approaches to issue clarification
  • Concluding recommendations

Author profile

Paul McNab CTA
Photo of author, Paul MCNAB Paul McNab, CTA, is the Principal of McNab Tax Lawyers and has more than 30 years of taxation experience. Prior to starting McNab Tax Lawyers, Paul was a tax partner and DLA Piper and was a leading partner in the Tax Controversy group of a ‘Big 4’ accounting firm where he also led the Australian firm Technology, Media and Telecommunications (TMT) sector practice for 4 years. In recent years he has provided extensive advice to multinationals changing their business structures in response to the commercial forces of globalisation and the BEPS initiatives prompted by the OECD. Paul has consulted to multinationals across a range of sectors and transactions and has litigated taxation matters in the state and federal courts, including the High Court of Australia. - Current at 28 May 2024
Click here to expand/collapse more articles by Paul MCNAB.

 

This was presented at NSW Tax Forum .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Fixing a Division 7A mess

Author(s):  Matthew McKEE

Materials from this session:

Update on OECD’s Pillar 1 and 2 proposals

Author(s):  Richard J VANN

Materials from this session:

International Tax Focus on Intellectual Property

Author(s):  Nick Maley,  Charlotte Brierley,  Alison Tang

Materials from this session:

Property development agreements (PDAs)

Author(s):  Brendon Lamers,  Andrew SOMMER,  George Hempenstall

Materials from this session:

Property development – How do you help the new property developer?

Author(s):  Sam Ayoubi

Materials from this session:

Investment into Australia – ATO Engagement

Author(s):  Keir CORNISH

Materials from this session:

Gig economy and payroll tax implications

Author(s):  Andrew Rider

Materials from this session:

Taxing the home - CGT and land tax considerations

Author(s):  Jim Koutsokostas,  Todd Bromwich,  Bradley White

Materials from this session:

Voluntary Disclosures & Penalties 101

Author(s):  Angelina Lagana,  Claudia Mitchell

Materials from this session:

M&A and demergers – The public/ private dichotomy

Author(s):  Clint Harding,  Danielle Ou

Materials from this session:

Trusts distributions

Author(s):  Dung Lam

Materials from this session:

Residency in a post-COVID world

Author(s):  Chris ARDAGNA

Materials from this session:

eCommerce and internet taxation – what are the top five tax issues associated with online shopping?

Author(s):  Annemarie Wilmore,  Prashanth Kainthaje

Materials from this session:

Good professional practice

Author(s): 

Materials from this session:

The Economic and policy Outlook for Australia

Author(s):  Nicki Hutley

Materials from this session:

Asset expensing measures – What you need to know

Author(s):  Raffi Tenenbaum,  Rhiannan Canto

Materials from this session:

SMSFs and NALI – What you need to know

Author(s):  Craig DAY

Materials from this session:

An update on Legal Professional Privilege

Author(s):  Jeremy GEALE,  Catherine Dean

Materials from this session:

SMSF – Regulatory and compliance update

Author(s):  Leigh Mansell

Materials from this session:

Employee vs contractor as an emerging Issue

Author(s):  Amanda Comelli,  Matthew McKEE

Materials from this session:

Pass go and collect $200 – How to pass the aggregated turnover test and access tax savings

Author(s):  Marcus Polovineo,  Lauren Whelan

Materials from this session:

Environmental markets – An overview of carbon and biodiversity credit schemes in Australia and their taxation treatment

Author(s):  Samantha Daly,  Lachlan Smithers

Materials from this session:

Intergenerational wealth transfer

Author(s):  Chris TSOVOLOS

Materials from this session:

Update on hybrid rules – What’s new and emerging issues

Author(s):  Mary Hu,  Ryan Leslie ,  R CORRIGAN

Materials from this session:

Dividend access shares

Author(s):  Adrian Bailey

Materials from this session:

The market value of land under taxation legislation

Author(s):  M SEYMOUR

Materials from this session:

Preparing a business for sale – Getting it right and when to start

Author(s):  Spyros KOTSOPOULOS,  Nima Karimian

Materials from this session:

Private Rulings – Are they worth it?

Author(s):  Paul MCNAB

Materials from this session:

CGT rollovers

Author(s):  Danielle Constantine

Materials from this session:

Flashback to the 1960s and 70s – Wealth structures and strategies and tax issues in in the twenty-first century

Author(s):  Andy MILIDONI

Materials from this session:

Further details about this event:

 

Copyright Statement