Skip to main content

Your shopping cart is empty

27 Nov 14 Addendum to TR 2002/14 (taxation of retirement village operators)

On 26 November 2014, the ATO issued an addendum (TR 2002/14A2) to TR 2002/14 (Income tax: taxation of retirement village operators).

The addendum is issued to reflect the decisions of the AAT in Retirement Village Operator and FCT [2013] AATA 887 and The Retirement Village Company [Tricare Group Pty Ltd] and FCT [2011] AATA 298, in which the AAT found that certain payments made by a retirement village operator to outgoing residents (or to their legal personal representatives) are deductible to the retirement village operator under s 8-1 of ITAA 1997. These payments represent a share of any increase in the entry price payable by a new resident (that is, the difference between the initial entry price paid by the outgoing resident and the entry price payable by the new resident).

Media Release Search
Eg. TD 2005/D52 ALL words EXACT phrase WITHOUT words Date range
From To