Private ruling applications

Applying for a private ruling decision from the ATO is an excellent way to confirm the interpretation of the tax laws in a particular situation. Private ruling decisions are binding on the Commissioner of Taxation, providing greater certainty and comfort to taxpayers.

A private ruling may be appropriate where:

• There is uncertainty regarding the interpretation of the law
• Large sums of money are involved
• The situation requires the Commissioner of Taxation to exercise discretion in relation to a particular matter.

The likelihood of receiving a favourable decision is greatly improved if the ruling application is well prepared. This includes identifying the precise question to be answered by the Commissioner, together with detailed analysis and reasoning regarding the technical interpretation of the tax laws.

Rosskelly Advisory can prepare private ruling applications on your behalf. This includes liaising with the ATO regarding any questions they may have in the process of making their ruling decision. Our role is to simplify the private ruling process and improve your chances of receiving a favourable decision.

Click here for information regarding Registered Tax Agents