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um Iamp;#39;m here with King tan heamp;#39;s one of the tax professionals we have here in Argyle private by Rocco Olivia and weamp;#39;re here to just have a brief discussion on the benefit of private and binding ruling system hi King hi Peter weamp;#39;re here to talk about private binding ruins what are they probably Banning rulings they are essentially a confirmation requested by taxpayer of the commission of Taxation on a question of tax law it could be something as simple as um the current residents that I have is it the main residence for capital gains tax purposes and if it is that means that when I dispose of it as an individual taxpayer itamp;#39;s free of capital gains tax so individuals taxpayers that is to apply for a private buying role as well as major corporate yep national International trustees partners for partnership how do you go about applying for a private environment um well first of all you have to talk to a tax accountant or tax lawyer to just think about