Private ruling: Division 250 of the Income Tax Assessment Act 1997
Date of advice: 22 August 2017
Published: December 2017

Ruling: The ruling concerned the following: | ● Will section 250-15 of the Income Tax Assessment Act 1997 (ITAA 1997) be satisfied in respect of a taxpayer and certain assets? | ● Where the general test in section 250-15 of the ITAA 1997 is satisfied in respect of the taxpayer and certain assets, will the Commissioner make a determination under section 250-45 of the ITAA 1997 that it is unreasonable that Division 250 applies in respect of the taxpayer and certain assets? | The Commissioner has ruled that: | Section 250-15 of the ITAA 1997 will be satisfied in respect of a taxpayer and certain assets. However, the Commissioner will make a determination under section 250-45 of the ITAA 1997 that it is unreasonable that Division 250 applies in respect of the taxpayer and those assets.