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