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This ruling has ceased



This ruling has been updated with DA.052v2 to clarify that the current timeframe for payment is 30 days, and notes that as from 1 July 2017 example 7 is no longer an exempt transaction. 

Ruling history

Ruling no. DA-052
Status Ceased
Issue date 1 August 2010
Replaced by DA-052v2
Date of effect 21 November 2008 -  30 June 2017

This ruling provides guidance on the operation of the lease provisions and outlines the factors the Commissioner will take into account in determining their application. The ruling also provides a number of examples to illustrate the application of the provisions to certain common situations involving leases.