Private ruling: Division 380 of the ITAA 1997
Date of advice: 21 March 2018
Published: June 2018

Ruling: The Commissioner made a private ruling confirming that: | ● an entity was entitled to the National Rental Affordability Scheme tax offset in respect of certain approved dwellings under section 380-15 of the ITAA 1997; and | ● NRAS-related payments made by a State Government to the entity will be treated as non-assessable non-exempt income of the entity under section 380-35 of the ITAA 1997.