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Aspects of the Debt and Equity Tests

Publication date: 01 Jun 04 | Source: JOURNAL OF AUSTRALIAN TAXATION

Issue: Vol 7 no 1

Pages: pp. 72 - 93

Abstract:
This article discusses issues surrounding the operation of the debt and equity tests. These tests seek to distinguish debt from equity for certain purposes of the income system by reference to the life of relevant instrument and whether the instrument provides contingent and non-contingent returns.

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Author profile

Paul Abbey
Photo of author, Paul ABBEY Paul is a Partner in the Corporate Tax group of PwC in Melbourne and has over 30 years experience advising local and international clients on income tax issues. - Current at 29 May 2019
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