Daily Archives: August 29, 2018

PR 2018/8 – Enova Solar Garden Project – electricity credit not assessable to Solar Gardener

On Wed 15.8.2018, the ATO issued Product Ruling PR 2018/8 about:  participation in an Enova Solar Garden Project, as a Solar Gardener, by a customer of Enova Energy Pty Ltd (Enova Retail), including the receipt of a credit on the cost of electricity supplied to the Solar Gardener over the term of the Enova Project in consideration…

CR 2018/34-35 – Return of share capital is not a dividend and is a G1 or C2 CGT event; ESS Rights for non-executive directors (when settled with CSL shares)

On 15 August 2018, the ATO released 2 Class Rulings: CR 2018/34 – IPE Limited: return of share capital. The ATO accepts that the return of share capital paid to IPE shareholders is not a dividend and that ss 45A, 45B and 45C ITAA 1936 do not apply. Further, the relevant CGT events are CGT…