Private ruling: National rental affordability scheme arrangement
Date of advice: 2 May 2018
Published: October 2018

Ruling: In view of the privacy and commercial in-confidence issues in respect of this private ruling, the following summary is provided. | A product was established which involves participation in the National Rental Affordability Scheme ( NRAS ). | The investors that will invest in the product are employees of Group X that are resident in Australia (the Investors ). | The Commissioner ruled that: | ● The taxable value of the residual fringe benefit provided to the Investors can be reduced under section 24 of the Fringe Benefits Tax Assessment Act 1986 (FBTAA). | ● Section 67 of the FBTAA does not apply to the employer.