TOFA - scope issues - what’s in, what’s not and core interactions paper
Published on 07 Feb 08
by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This paper covers:
- what is a "financial arrangement" and what are the key exceptions?
- worked examples of whether or not the rules apply to common debt, equity and derivative transactions
- which taxpayers are covered by TOFA, and what rules apply to entities outside of the regime?
- how will TOFA interact with the rest of tax law?