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Debt Forgiveness – Is it still tax-effective?

Published on 21 Mar 2011 | Took place at InterContinental Adelaide, Adelaide , SA

Releasing, assigning and capitalising debts are common strategies within private and corporate groups. This event highlighted the applicable tax laws, risks and opportunities associated with such transactions. Case studies were used to demonstrate how the applicable rules are applied and can be managed.

Topics included:

  • commercial debt forgiveness rules
  • bad debts
  • capital losses
  • non-resident lenders
  • solvent and insolvent companies
  • assignment of debts
  • capitalisation of debts
  • stamp duty.

Individual sessions

Debt forgiveness - Is it still effective?

Author(s):  Alistair HUTSON

This presentation covers:

  • commercial debt forgiveness rules:
    • what do they apply to?
    • when do you and when do you not have a forgiveness?
    • what happens?
    • arm's length or not arm's length?
  • moneylending debts
  • non-resident lenders
  • solvent and insolvent companies
  • companies under common ownership
  • assignment of debts
  • capitalisation of debts
  • case studies.
Materials from this session: