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Credit crunch and distressed markets paper


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.

Author profile:

Duncan Baxter
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 Click here to expand/collapse more articles by Duncan R C BAXTER.

This was presented at 24th National Convention 2009.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Justice Hill Memorial Lecture - Statutory interpretation

Author(s):  Murray GLEESON

Materials from this session:

The new R&D tax concession

Author(s):  David GELB,  Paul VAN BERGEN

Materials from this session:

Transfer Pricing: Applying the arm’s length principle in a world without comparables

Author(s):  Marc SIMPSON

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Long live the goose - Recent cases dealing with tax concession charities

Author(s):  Jennifer BATROUNEY

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