Private ruling: Administrators responsibilities and liabilities

Ruling: Q1: Are the receivers liable for and required to pay tax on the gains arising from the sale of property lots pursuant to section 254 of the Income Tax Assessment Act 1936 (ITAA 1936)? | A1: Yes | Q2: Are the receivers liable for and required to pay tax on the rental income derived from property lots pursuant to section 254 of the ITAA 1936? | A2: Yes | Q3: Are the receivers liable to lodge an income tax return in respect of the sale of property lots and the rental income that they received from property lots? | A3: Yes | Q4: Are the receivers liable for and required to pay tax on the gains arising from the sale of property lots pursuant to section 254 of the ITAA 1936 where the sales were made by X? | A4: No. | Q5: Are the receivers liable to pay tax on the gains arising from the sale of the units or the rental income pursuant to any other provision in the tax legislation? | A5: Decline to rule.




Please check this edited version to be sure that there are no details remaining that you think may allow you to be identified. Contact us at the address given in the fact sheet if you have any concerns. | Subject: Administrators responsibilities and liabilities: The rulee asked the following questions and the Commissioner has ruled on each of the questions.