Key ATO alerts, guidance & advice released today:
🔸 Draft Taxation Ruling: TR 2022/D1
Income tax: section 100A reimbursement agreements
https://www.ato.gov.au/law/view/view.htm?docid=%22DTR%2FTR2022D1%2FNAT%2FATO%2F00001%22
🔸 Taxpayer Alert — TA 2022/1 Parents benefitting from the trust entitlements of their children over 18 years of age.
https://www.ato.gov.au/law/view/view.htm?docid=%22TPA%2FTA20221%2FNAT%2FATO%2F00001%22
🔸 Draft Taxation Determination — TD 2022/D1 Income tax: Division 7A: when will an unpaid present entitlement or amount held on sub-trust become the provision of 'financial accommodation'?
https://www.ato.gov.au/law/view/view.htm?docid=%22DXT%2FTD2022D1%2FNAT%2FATO%2F00001%22
🔸 Draft Taxation Determination — TD 2022/D2 Income tax: deductibility of expenses incurred in establishing and administering an 'employee share scheme'
https://www.ato.gov.au/law/view/view.htm?docid=%22DXT%2FTD2022D2%2FNAT%2FATO%2F00001%22