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14 Jul 11 Div 7A benchmark interest rate for 2011-12 - TD 2011/20

On 13 July 2011, the ATO issued Taxation Determination TD 2011/20 entitled "Income tax: what is the benchmark interest rate applicable for the year of income that commenced on 1 July 2011 for the purposes of Division 7A of Part III of ITAA 1936 and how is it used?"

It was not previously released as a draft.

For the income year that commenced on 1 July 2011, the benchmark interest rate for the purposes of ss 109N and 109E of ITAAt 1936 1 is 7.80 % per annum.


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