Published on 13 Feb 13
by NATIONAL DIVISION, THE TAX INSTITUTE
There are radically divergent views emerging in relation to the interpretation of control and significant influence particularly in the context of minority shareholdings and shareholder arrangements. The flow-on impact upon provisions including Div 6C, debt/equity rules, interest deductibility, thin capitalisation and Div 250 is a contentious issue. This presentation examines those issues and some other related recent developments in the context of project financing and consortium investment structures, in particular:
- control, negative control, sufficient influence and connected entities in the context of Div 6C, Div 974-80 and thin capitalisation
- thin capitalisation issues including related party debt rules and the ATO view of 820-39
- changes to the definition of “limited recourse debt”.
Current at 21 February 2013
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