Private ruling: National rental affordability scheme arrangement
Date of advice: 11 December 2018
Published: April 2019

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) by trustee of a Trust (the Trust). | The investors that will invest in the product through the Trust are employees of Group X that are resident in Australia (the Investors). | The Commissioner ruled that: | ● The payment of certain costs in relation to the product are deductible under either section 8-1 of the Income Tax Assessment Act 1997 (ITAA 1997) or subsection 230-15(2) of the ITAA 1997. | ● Group X will be entitled to refundable tax offsets pursuant to section 380-15 of the ITAA 1997, should it choose to invest in the product.