Published on 02 November 2023
You are invited to provide feedback on draft Revenue Ruling DA-065 — Acquisition of economic entitlements in relation to land (service fees) and draft Revenue Ruling DA-066 — Calculation of economic entitlements.
Draft DA-065 has been updated following a previous consultation process. It provides clarification on the application of the economic entitlement provisions under the Duties Act 2000 on:
- service fees
- residents in a retirement village
- acquisitions of shares in companies and units in unit trust schemes that may be outside the scope of Chapter 3 of the Duties Act 2000.
Draft DA-066 is a new ruling. It provides guidance on the calculation of economic entitlements including:
- determining the percentage of beneficial ownership taken to have been acquired
- the circumstances where the Commissioner may consider it appropriate to exercise the discretion under section 32XE(3) of the Duties Act 2000.
Feedback is welcome by email to email@example.com until 5pm Friday 1 December 2023.