Published on 24 May 07
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
TOFA isn’t just for people who trade hybrid derivatives over pork bellies in Botswana. In fact, it will affect many common transactions by ordinary tax payers. This presentation examines:
- where TOFA will supercede current law
- what happens to interest income and expense, borrowing costs and the rest?
- how TOFA overlays current law and what that means
- what the carve out for small business and individuals means, and how it will operate.
Rodney is Associate Professor, Faculty of Law, UTS Current at 14 December 2012
Click here to expand/collapse more articles by Rodney FISHER.