Published on 02 May 02
by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE
This seminar paper discusses debt and equity, with a focus on: non-arms length rules for the debt/equity provisions, unsecured loans at call, consequences of equity repayments under the new laws, franking the return on an amount which is now equity.
Steve Westaway is a Managing Director of Grant Thornton Adelaide. Steve advises on a wide range of taxation and business issues to a diverse client base. With over 30 years in the accounting profession Steve holds significant commercial and corporate experience. Steve has been actively involved in the Taxation Institute of Australia in various roles for 20 years.
Current at January 2008
Click here to expand/collapse more articles by Stephen WESTAWAY.