I'd been advised by my accountant to get a private ruling for the family trust which was set-up a few years ago by another accountant. So I took her advice and put in the application for a private ruling in November 2010 but still awaiting answers. Anyone know how long it normally takes for the ATO to issue a private ruling from time of application??
I'm putting all my investing plans on hold waiting for a reply.I am also unhappy because my accountant is not returning my calls or emails.
PLEASE HELP!!!!
Any suggestions on what I can do to speed things up or can you recommend an accountant specialise in trusts.Thank you in advance.
It should take approx 28 days so if you applied in November i would phone them up to check on the progress.
I have cut and paste the info below from the ATO website
We aim to give you a private ruling within 28 days of receiving all the necessary information from you. If we cannot give you a private ruling within the relevant time period, we aim to contact you within 14 days of receiving all the necessary information to discuss an appropriate reply date.
http://www.ato.gov.au/businesses/content.asp?doc=/content/34047.htm&page=20&H20ladyo wrote:So I took her advice and put in the application for a private ruling in November 2010 but still awaiting answers. Anyone know how long it normally takes for the ATO to issue a private ruling from time of application?Got to love dealing with bureaucracy – call them asap. The earlier you call the ATO in the morning the less time you have to wait listening to elevator music.
Best of luck
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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