Lease provisions general application
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.
|Issue date||1 August 2010|
|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.