TAXATION RULING NO. ST 2050

ST 2050

SALES TAX : FIRE RESISTANT HOME SAFES

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FOI status:

PREAMBLE

Fire Resistant Home Safes are general purpose safes for use in the home or in the office. Some models are smaller than an average safe and may be colour co-ordinated to match home or office decor. They are marketed as being suitable for the storage of small valuable items, but are indistinguishable as a class of goods from general office safes - which are taxable at the general rate.

RULING

2. Fire resistant home safes are considered not to be furniture of a kind ordinarily used for household purposes within the terms of sub-item 1(a) Third Schedule, and are taxable at the general rate, currently 20%.

COMMISSIONER OF TAXATION
21 November 1983

References

ATO references:
NO ST 51/1

Subject References:
SAFES

Legislative References:
SALES TAX (EXEMPTIONS AND CLASSIFICATIONS) ACT THIRD SCHEDULE SUB-ITEM 1(a)