Miscellaneous 2006

Tax issues relating to debts

Source: South Australia

Published Date: 5 May 2006

 

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This practical paper addresses some of the more topical tax issues, developments and ATO opinions relating to debts. It will focus on issue identification and how to deal with those issues most commonly faced by advisors including:

  • debt forgiveness - income issues
  • assignments / debt parking
  • interest deductibility (TR2005/12 - trustees and deductibility of borrowed money)
  • managing debit loans
  • accounting issues - unpaid present entitlements etc.
  • interposed entities
  • debt and equity - when it matters.

Individual Session

Tax issues relating to debts

Author(s): Paul Tanti CTA
Materials from this session:

Details

  • Published By: Paul Tanti CTA
  • Published On:5 May 2006
  • Took place at:Novotel Barossa Valley Resort

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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