Published on 13 Mar 09
by NATIONAL DIVISION, THE TAX INSTITUTE
This paper provides an analysis of the main tax issues affecting your clients in a distressed market including:
tax losses of companies in administration or liquidation
sales by lenders enforcing security interests
commercial debt forgiveness
interest payments after the business has ceased
other issues for the borrowers
capitalised interest, suspended interest and non-accrual loans
doubtful and bad debts
restructures and the market value substitution rules
other issues for the lender.
Duncan is a Partner at Blake Dawson. He was previously a Partner in the International Tax Group of a global accounting firm. Duncan served as one of the three private sector representatives on the Federal Government’s Tax Design Review Panel. Current at 05 May 2009
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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