Published on 02 May 96
by WESTERN AUSTRALIAN DIVISION, THE TAX INSTITUTE
The 1996 budget contained numerous proposals for amending the rules relating to deductibility of interest on overseas debt, most notably the reduction of the threshold debt:equity ratio from 3:1 to 2:1. This session will amongst other things highlight which trusts will be denied deductions for foreign debt and what new anti-avoidance provisions will now be avialable to the Commissioner.
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