Your shopping cart is empty

Deductibility of interest prepayments

Publication date: 01 Mar 99 | Source: AUSTRALIAN TAX REVIEW

Issue: Vol 28, No 1

Pages: pp.30-47

The prepayment of interest has proved to be a popular mechanism by which taxpayers are able to obtain a more immediate relief from taxation by sheltering a current stream of otherwise assessable receipts. The legislation has sought to deal with some of the consequences of interest prepayments, particularly negatively geared investments. It is also sound business practice to do so. Recently developments has limited the ability to obtain tax relief through artifically created schemes, and so has reduced the need for further legislative amendments.

This item is not available for download from this website. Please contact the Tax Institute library for assistance. Charges will apply.

Author profile

Dr Nabil Orow CTA
Bill (Nabill) is a practicing member of the Victorian Bar who specialises in state and federal taxation law as well as trusts, succession, property and corporations law. He has published widely including a book on comparative anti avoidance rules published in the UK and a joint book with R Deutsch titled, Income Tax and GST Planning StrateDistributing to Corporate - Current at 23 July 2010
Click here to expand/collapse more articles by Nabil (Bill) F. OROW.